Reply #38: We aren't insured as individuals but rather business "assets"

[blueworld]

Under the tax code, our life insurance benefits are taxable income to us because the employer pays on OUR behalf & WE get to name the beneficiaries. This isn't the case with Dead Peasant's Insurance. The practice was "reformed" by Congress in 2006 so they can't collect on an employee who hasn't worked for them in over a year - read the rest of the articles.

Although Oregon has a law requiring employee consent, most other states don't & two of the worst offenders are New Jersey and Virginia - my homes for all my working life.

Oh, PS: my father the Fire Captain couldn't even PURCHASE life insurance to protect his family because of his high-risk job until his union provided a group plan (FBA).

Do some more homework, please.