Dead Monarch Insurance

[The Animator]

I'm sure a large portion of us have now heard of the 'dead peasant' insurance plan that some corporations have taken out on their employees, so that they may profit from those employees' deaths...

Can that work in reverse? I mean, if the whole thing was originally set up to protect companies from the potential financial loss of losing a member of their leadership team, wouldn't it make sense for an employee to safe guard his own personal financial security with a similar plan? A plan that actually more closely reflects the original intent behind the idea?

Any abrupt change in leadership is bound to cause upheaval in the ranks. What if the new leadership decided to start downsizing, or outsourcing? What is the owner's favored son takes over and promptly runs the company into the ground? Clearly, individual employees are just as easily, and profoundly impacted by such a loss.

How do you think Walmart, or Target CEO's might feel if they discovered that a small group of cashiers, and bag boys in bumfuck Iowa had pooled their resources to take out a million dollar life insurance policy on him? To think those greedy little entry-level nobodies could cash in on his failing health?

I live in Orlando. I don't work for the Mouse, but Florida is so heavily dependent on the tourist industry that a death in Disney leadership could have lasting repercussions across the entire state... I could therefore, easily justify taking out a policy on Micheal Eisner... cause apparently he's still the power behind the throne in that Kingdom.

Think that might change the tone of the debate a little? When the peasant decide to use the Monarch's own system against them?

[Taverner]

1. Hell, kind of like Dead Pool with Gambling!

I likey!

[Fire1]

2. Why the hell not??? Ain't no fun when the rabbit's got the gun!! n/t

[YOY]

3. You foolish PEON! You assume the MONARCH can be taken down so easily by so much Hasselhoffery???

[Nikki Stone1]

4. Wow, I like this idea.

And it makes far more sense for us to insure our company presidents than for them to insure us.

How about job insurance? (The premiums might be killer on that one, though.)

[Hannah Bell]

5. i like it. & i think the peons have more standing to take out policies on their masters

than the reverse. how much does the death of one employee affect a corp? zippo.

but the death of a magnate can upturn the entire economy with the resultant property rearrangements.

would it be possible to get some lawyers on board for a test case?

[The Animator]

6. Yeah, and heaven forbid theirs a power vaccum...

Nothing says job security like a work environment filled with corporate backstabery.

You don't really want to be on a ship where everyone on the bridge is so busy fighting over the wheel, that no one is looking out for icebergs.

[The Animator]

7. kick... just because

[The Animator]

8. Kickey McKickerson, from Kickerville

[laughingliberal]

9. I told my husband this Saturday...employees should pool their money...

and take out big insurance policies on the boss. If he dies, they split up the money. Bosses might get nicer, too, if they think their work force would benefit from their death. :)

[The Animator]

10. Maybe we should take out a fat honkin life insurace policy on Dick Cheney...

Surely that old geezer will drop in the next ten years or so...