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What is “Dead Peasant” Insurance?

As the name suggests, cooperate-owned life insurance (COLI) is a life insurance that is purchased by an entity or corporation for its own corporate use. In this arrangement, the corporation can be a partial or total beneficiary on the policy. Basically, cooperate owned life insurance is not similar to group life insurance as some people may tend to believe because […]

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How did it get the name “Dead Peasant” insurance?

Dead peasants insurance is actually a pejorative name for corporate-owned life insurance. This practice is also known as janitor’s insurance and can be used by employers to obtain payments in case the employee dies. For employers, this type of life insurance has the role of a compensation for the financial implications that could be involved in the loss of a […]

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How does a person know if he or she is covered by a policy?

Life insurance is definitely one of the most tax-advantaged platforms in existence. The policy has been a financial savior to millions of people around the world with significant percentage of this fraction failing to understand the fact that not all life policies are purchased by individuals. Some policies, for example Corporate-Owned Life Insurance popularly known as “dead peasant” insurance, are […]

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Which Employers Bought Policies On The Lives Of Employees?

Coming across questions such as; “which employers bought policies on the lives of employees?” or “Has my employer taken out “Dead Peasants” Life insurance on me” have become all too common. In fact, the debate on whether the insurance policies are justified or even ethical continues to dominate the airwaves. What Is Dead Peasants Life Insurance Policy? Dead Peasant insurance […]

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Janitor Insurance for Businesses

Corporate owned Life Insurance policy is a cover designed to help a company manage the losses it incurs in the event of the sudden demise of any of its employees. The cover caters for the financial cost of recruiting and training new staff especially the ones in key positions that require special and expensive training to be able to work. […]

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