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life insurance
Companies are taking out life insurance policies on their employees, and collecting the benefits when they die
Employees at The Orange County Register received an unsettling email from corporate headquarters this year. The owner of the newspaper, Freedom Communications, was writing to request workers consent to take out life insurance policies on them. But the beneficiary of each policy would not be the survivors or estate of the insured employee, but the … Continue reading
UK – Aviva to cut up to 800 jobs
Aviva is to cut up to 800 jobs in the UK as chairman John McFarlane embarks on a £400m global cost-cutting drive. The job cuts are likely to come from both the general and life insurance arms of the UK operation and are set to be completed by the end of 2012. The life insurance … Continue reading
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