Does anyone wonder if the massive hiring sprees going on are maybe for COLI? - Company Owned Life Insurance. I've heard people saying we're going to
make a lot of money. But how? I'm wondering if it has to do with COLI, also known as Dead Peasant Policies, in which people are encouraged give
consent and approval for in lue of getting hired. In 2006 the IRS sued because companies were taking policies out on people(because of hiring
practices) that were not key persons in the companies and keeping up the policies until they died even if they were no longer an employee. After the
lawsuit companies refraned from taking out policies on low level empoyees. Now today with COVID 19 people are being reclassified as ESSENTIAL workers
and hiring sprees are running rampant to the point of overstaffing. If COVID19 is going to return as predicted as a fatal second wave, do THEY stand
to make a lot of money on Dead Peasant Policies if all these new hires are considered ESSENTIAL. Maybe just another loophole?
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