You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #35: Something similar to this happened to my domestic partner, Rhythm. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Lyric Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-30-09 07:45 AM
Response to Original message
35. Something similar to this happened to my domestic partner, Rhythm.
She was working for a fast-food place as a cook a few years ago. After a while her "benefits" kicked in (including her joke of a health plan, which she dropped because it covered practically nothing.) However we found it odd that, while she remembered reading in her paperwork something about a life insurance policy, and she had a small premium coming out of her paycheck, she had never been given a beneficiary form to fill out. As her Mom is a Freeper, she wanted to make sure that LyricKid and I were listed as beneficiaries.

We called the store and they had no idea, but they gave us the number for the insurance company. It took us hours on the phone because they didn't want to tell us, but eventually we discovered that she did indeed have a life insurance policy--with the corporate owner of the fast-food place as the default beneficiary.

Apparently, they had filed the paperwork and listed *themselves* as the beneficiary without giving Rhythm a chance to choose her own. Not exactly "Dead Peasant" as described above because she WAS paying at least part of her own premium, but close enough to be chilling. We asked the insurance company how to change beneficiaries and they sent us a form in the mail.

A month or so after that, the store started hiring new people and cutting the hours of workers who'd been there a long time (like Rhythm) and she quit to find a job with better hours. We didn't notice the coincidence at the time. Maybe it WAS just a coincidence. But then again, maybe not.
Printer Friendly | Permalink |  | Top
 
  - Dead Peasant Insurance - You're worth more to your company dead ElsewheresDaughter  Sep-29-09 11:45 PM   #0 
  - my god, the greed just never ends, does it?  Lifelong Protester   Sep-29-09 11:54 PM   #1 
  - why would somebody unrecommended this?...wierd  ElsewheresDaughter   Sep-30-09 12:03 AM   #2 
     - If they worked for the people who did it. nt  wroberts189   Sep-30-09 01:26 AM   #11 
     - I unrec'd this thread because it just doesn't hold water.  PBS Poll-435   Sep-30-09 01:39 AM   #16 
        - You don't know WTF tou are talking about^^^.....there is tons of proof this is happenning....  ElsewheresDaughter   Sep-30-09 06:36 AM   #31 
        - i guess if the company pays the premiums then they are entitled to the cash  vadawg   Sep-30-09 07:24 PM   #55 
        - well it certainly motivates them to do so  northernlights   Oct-01-09 12:42 PM   #59 
        - You might not want to cite a 2004 article when the law was changed in 2006.  namahage   Sep-30-09 07:47 PM   #56 
        - You can lead someone to water...  wolfgangmo   Sep-30-09 12:21 PM   #44 
  - Corporate Ghouls. eom  ShortnFiery   Sep-30-09 12:05 AM   #3 
  - ...  PBS Poll-435   Sep-30-09 01:49 AM   #20 
  - Excellent post...  PoiBoy   Sep-30-09 12:20 AM   #4 
  - This is some sick crap, I'd go crazy on them if I found out they did that to me nt  flamingdem   Sep-30-09 12:23 AM   #5 
  - .  PBS Poll-435   Sep-30-09 01:51 AM   #21 
  - They don't have to tell you...nor anyone...WSJ article here....  ElsewheresDaughter   Sep-30-09 07:00 AM   #34 
  - If that list is accurate, I'd lay even odds that one of those companies profited off my mom's death.  LooseWilly   Sep-30-09 12:59 AM   #6 
  - Re read the article  PBS Poll-435   Sep-30-09 01:10 AM   #7 
  - No, I treat them well so they'll last longer.  LooseWilly   Sep-30-09 01:16 AM   #8 
  - The bottom line is that this smells of BS. Any life insurance policy regardless of the beneficiary  PBS Poll-435   Sep-30-09 01:28 AM   #13 
     - It sounds odd... I don't know that it sounds like BS.  LooseWilly   Sep-30-09 01:45 AM   #17 
     - .  PBS Poll-435   Sep-30-09 01:49 AM   #19 
        - Ok, I've never actually purchased, or had purchased for me, life insurance.  LooseWilly   Sep-30-09 02:10 AM   #25 
     - You are dead wrong. Period.  olegramps   Sep-30-09 08:57 AM   #37 
     - YOu are absolutely correct EXCEPT  wolfgangmo   Sep-30-09 12:31 PM   #47 
  - Outside of basic house and car NO.. I simply do not have the money they have. nt  wroberts189   Sep-30-09 01:28 AM   #12 
  - These policies yield tax-free income as their cash value increases. Corporations can borrow against  ElsewheresDaughter   Sep-30-09 06:38 AM   #32 
  - That is totally wrong. You are thinking of  liberalhistorian   Sep-30-09 12:18 PM   #42 
  - Wow - you really have no clue about this do you?  wolfgangmo   Sep-30-09 12:29 PM   #45 
  - Excellent post. they are using their insane profits to gamble on our lives as an investment knr  wroberts189   Sep-30-09 01:21 AM   #9 
  - Its unbelievable this is legal.  wroberts189   Sep-30-09 01:24 AM   #10 
  - Doubt that it is.  PBS Poll-435   Sep-30-09 01:30 AM   #14 
     - That makes no sense.  LooseWilly   Sep-30-09 01:59 AM   #22 
     - .  PBS Poll-435   Sep-30-09 02:04 AM   #23 
        - I hear what you're saying...  LooseWilly   Sep-30-09 02:14 AM   #26 
           - .  PBS Poll-435   Sep-30-09 02:23 AM   #27 
     - PBS Poll 435 , .....These policies yield tax-free income as their cash value increases......  ElsewheresDaughter   Sep-30-09 06:43 AM   #33 
     - AIG sold WalMart dead peasant policies  Selena Harris   Oct-01-09 09:21 AM   #58 
     - We aren't insured as individuals but rather business "assets"  blueworld   Sep-30-09 09:15 AM   #38 
     - Once again, it is NOT the typical life insurance policy  liberalhistorian   Sep-30-09 12:20 PM   #43 
     - Again, in the case of life insurance..  wolfgangmo   Sep-30-09 12:34 PM   #48 
  - If a person or company took a life insurance policy out against another person  thelordofhell   Sep-30-09 01:33 AM   #15 
  - And indeed, if they want the proceeds to be excluded from income (IOW, tax-free)  namahage   Sep-30-09 02:08 AM   #24 
  - delete  PBS Poll-435   Sep-30-09 01:45 AM   #18 
  - 'Secret' life insurance triggers suits  ipaint   Sep-30-09 02:23 AM   #28 
  - This is unbelievable.. they make a bet ..you die they win. WTF? nt  wroberts189   Sep-30-09 02:40 AM   #29 
  - Fuck those corporate mo fos!  earth mom   Sep-30-09 03:32 AM   #30 
  - Something similar to this happened to my domestic partner, Rhythm.  Lyric   Sep-30-09 07:45 AM   #35 
  - Dead Peasant Policies are exposed and well explained  Bluenorthwest   Sep-30-09 08:06 AM   #36 
  - That's great....Now I am looking forward to seeing it on Friday....thanks.  ElsewheresDaughter   Sep-30-09 09:20 AM   #39 
  - They are paying the premiums  treestar   Sep-30-09 09:24 AM   #40 
  - Tax shelters.  ipaint   Sep-30-09 12:59 PM   #49 
  - It's never good for a corporation to have a financial interest in someone's death.  Bette Noir   Sep-30-09 10:32 AM   #41 
  - How 'bout you expose your employees to dangerous/unhealthy working conditions, and  TwilightGardener   Sep-30-09 12:30 PM   #46 
  - Dead peasant insurance used to be illegal in Florida, but I see Florida companies on that  1monster   Sep-30-09 01:23 PM   #50 
  - randi rhodes about to discuss this.  RepublicanElephant   Sep-30-09 03:57 PM   #51 
  - Wow. Randi Rhodes is talking about this now  Canuckistanian   Sep-30-09 04:29 PM   #52 
  - Not a whole lot of incentive for employers to provide a stress free, healthy work environment  Willo   Sep-30-09 04:41 PM   #53 
  - No wonder they do not like OSHA. I have always wondered it the  jwirr   Sep-30-09 05:09 PM   #54 
  - We're all "peasants" now.  Trillo   Sep-30-09 08:26 PM   #57 
 

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC