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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