[Scythian]

If you ask me that is a disgusting practice and Wallmart should be ashamed of itself, honestly, trying to get a tax break of the death of others? I’m beginning to see why everybody hates them.

[craig_eddy]

And this negatively impacted the employees how, exactly?

They intended to use the money from the policies to offset rising health care costs, a BENEFIT to all of the employees receiving the coverage.

[AmericaUnited]

If you ask me that is a disgusting practice and Wallmart should be ashamed of itself,

What a bunch nonsensical drivel! It is a standard and prudent practice of companies to have insurance on key personnel.

[craig_eddy]

The company settled two lawsuits with employees represented by Myers in Texas and Oklahoma, one for about $10 million and one for about $5 million.

What's a disgusting practice is this lawyer bilking WalMart (and thus their customers) out of $15 million. THAT'S a disgusting practice.

[KarlInOhio]

I have to admit that it does look like a confusing tax scam (like so much of life insurance is). Basically WalMart figured that X number of its employees would die, and the insurance overhead was less than the tax savings on converting taxable income to non-taxable insurance payouts.

Key employee insurance is one thing because loosing the replacing the president of the company or even a store manager is expensive, but insuring everyone as a tax dodge? No wonder so many people hate the IRS.

[E. Pluribus Unum]

If you ask me that is a disgusting practice and Wallmart should be ashamed of itself, honestly, trying to get a tax break of the death of others? I’m beginning to see why everybody hates them.

Key man life insurance could save your business

Contemplating the death of your company leaders is pretty dismal subject matter. But think of the consequences - businesses have bitten the dust due to the death of just one employee. Key man life insurance is an affordable way to prevent your business from sinking after a critical employee passes away.

Key man life insurance works like individual life insurance - when the insured dies the policy pays out a benefit. Instead of an individual insuring himself or a family member, however, the business owns the policy and pays the premium. If the insured dies, the business is the beneficiary and will receive the policy payout...

[Safetgiver]

Who’s paying the premium? A good business venture, IMHO.

[Zon]

I’m beginning to see why everybody hates them.

Thanks for letting people know that you've chosen to discredit yourself. If you thought for a half a second you'd realize that of the 180 million Wal-Mart customers most of them don't hate Wal-Mart.

[SJSAMPLE]

Imagine hiring a guy with key technical skills and then having them run systems or data for years or decades. If that person died, what would it cost to replace, retrain and season their repacement?

It’s done everywhere and it’s common sense.

Hollywood does it with EVERY contract and EVERY movie for key players. You don’t want to be seven months and $120 million into “Mission Impossible 4” when Tom Cruise decides to finally meet Xenu in person ;)

Just like the life insurance I carry to protect my family.

[Freedom4US]

"If you ask me that is a disgusting practice and Wallmart should be ashamed of itself, honestly, trying to get a tax break of the death of others? I’m beginning to see why everybody hates them.

Then maybe the author succeeded? Or somebody, because I guarantee if *you* were running/owned a corporation or business you would be doing exactly this. It's not as if they are ripping off orphans and widows, which is exactly what is supposed to be visualized here.

[MEGoody]

If you ask me that is a disgusting practice and Wallmart should be ashamed of itself

Buying insurance is disgusting? I don't think so.