Is Your Life Insured?

“Fight Against Stupidity And Bureaucracy”

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It’s an interesting question.

But worry not, I am not going to try to sell you an insurance policy nor even recommend one.

Quite the reverse in fact.

Many people have some kind of life insurance for the financial protection of their families if they should be unfortunate to pass away unexpectedly.

It is usually for enough money to pay off the mortgage with a little left over to provide some kind of income for the wife and kids.

At least that’s how it should be.

But there is a growing trend for employers to insure their employees. A nice gesture you might think at first. Until you find out that the beneficiary of the insurance would not be the survivors or estate of the insured employee, but the corporate pension plan!

It is unofficially known as “dead peasant” insurance, and hundreds of corporations have already taken out policies worth hundreds of billions of dollars, on thousands of employees, providing companies with a steady stream of income as current and former employees die  –  even decades after they have retired or left the company.

And new “dead peasant”policies worth at least $1 billion are being put in place every year!

Unsurprisingly the greedy money-grabbing banksters are especially fond of the practice. Bank of America’s policies have a cash surrender value of at least $17.6 billion; Wells Fargo’s at least $12.7 billion; and JPMorgan Chase at least $5 billion, according to filings with the Federal Financial Institutions Examination Council.

Of course the tax-men are to blame too – aren’t they always? – because so-called company-owned life insurance offers employers generous tax breaks. For example, company-paid premiums are tax-free, as are any investment returns on the policies and the death benefits eventually received. Although having said that it has to be admitted (grudgingly) that the I.R.S. has taken companies including Winn-Dixie and Camelot Music to court for using such policies as tax avoidance schemes.

Many people faced with a request from an employer to consent to such a policy are too afraid not to comply in case it affects their job or promotion prospects. They shouldn’t be because that would probably be illegal as well as unethical. Class-action lawsuits against several companies with such policies are already underway or have been settled. Several companies, including Walmart, settled the suits, paying millions to low-ranking employees who had been covered.

So if you are uncomfortable with the thought that your company might profit from your death, don’t sign up.

And as for the corporations? I’m as fond of making a few bucks as the next man, but you have to draw a line somewhere and I think corporations should be content with the contribution their employees make to their company profits when they are alive, instead of conniving to profit from their deaths also.

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Did You Know? More From The Strange Fact File

“Fight Against Stupidity And Bureaucracy”

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Here is another very random selection of strange facts from fasab’s files.

As with other in this series, by the time you have read these you will know more than you did and possible more than you want to.

But have a look anyway.

Enjoy.

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The adult electric eel can produce a five hundred volt shock,

which is enough to stun a horse

– and I don’t mean a seahorse!

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As an iceberg melts, it makes a fizzing sound
because of the compressed air bubbles popping in the ice

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Kermit the frog delivered the commencement address

at Southampton College located in the state of New York in 1996

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The mythical Scottish town of Brigadoon

appears for one day every one hundred years

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A rainbow can occur only when the sun

is 40 degrees or less above the horizon

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The most common injury caused by cosmetics

is to the eye by a mascara wand

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The sound made by the toadfish when mating underwater

is so loud that it can be heard by humans on the shore

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In America, approximately 20% of children between

the ages of 2 – 7 have televisions in their rooms

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Families who do turn off the television during meals tend to eat healthier.

This was regardless of family income, or education

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Two out of five people end up marrying their first love

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Forty-one percent of women apply body and

hand moisturizer at least three times a day

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Scientists have determined that having guilty feelings

may actually damage your immune system

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The first box of Crayola that was ever sold

had the same eight colours that are sold in the box today

consisting of red, blue, yellow, green, violet, orange, black and brown.

The box was sold for a nickel in 1903

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The best time for a person to buy shoes is in the afternoon.

This is because the foot tends to swell a bit around this time

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According to psychologists, the shoe and the foot

are the most common sources of sexual fetishism in Western society

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Bank robber John Dillinger played professional baseball

John Dillinger top left

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The first company to mass produce teddy bears was the Ideal Toy Company

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Flight pioneer and pilot, Orville Wright,

was involved in the first aircraft accident.

His passenger was killed.

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The mother of famous astronomer Johannes Kepler

was accused of being a witch

Johannes Kepler 1610

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In the past 60 years, the groundhog has only predicted

the weather correctly 28% of the time.

The rushing back and forth from burrows

is believed to indicate sexual activity, not shadow seeking

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There Comes A Time When Zero Tolerance Is The Only Option

“Fight Against Stupidity And Bureaucracy”

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Time for another rant, now known as the Sunday Sermon.

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For many years there has been an influx of Muslims into Western countries like, for example, America and Britain. And for years these people arrived and set to work to provide a better life for their families, which was reason they chose our countries in the first place.

Sometimes we treated them with respect. At other times their treatment was not so welcoming. But the vast majority accepted things as they were and worked hard, with the result that they did make a better life for themselves.

However, now all of a sudden, because of the rants of a few demented and evil clerics who have corrupted the words of Allah and the meaning of the Koran, some Muslims are now offended by everything, including the very presence of the citizens of the countries they have chosen to come and live among.

How absurd is that?

Worse, however, is that we are supposed to pander to this nonsense and tippy toe around them afraid to do or say anything in case it will be distorted and manufactured into something offensive.

And if we don’t?

Well then they will cut our head’s off in the middle of a street and stand bragging about it afterwards.

That is exactly what happened in London this week when Drummer Lee Rigby, a British soldier, was first knocked down by a car driven by two blood-thirsty killers and then decapitated as he lay helpless on the street.  

murdered soldier Drummer Lee Rigby

On any scale of things that are offensive, it just doesn’t get any more offensive than that.

Yet we are supposed to tolerate the intolerable and excuse the inexcusable!

Let’s get real folks.

Some things are unacceptable in western society. And if you choose to live in western society then you live by our rules, not yours.

When I visit a Muslim country where, for example, drinking alcohol is forbidden, I don’t put on the pretense of being offended, I don’t whine about my rights being denied, in fact I don’t complain at all. I am in their country, those are their rules, and while I am there I am happy to respect them and abide by them.

Why is there no reciprocal respect any more?

And even more to the point, why is that reciprocal respect not demanded?

We have allowed our politicians to cloud the issue by blundering about in foreign lands. They say they are doing it to fight terrorism and protect us, but in reality it has much more to do with securing commodities and distracting us from much more serious economic problems they have created at home.

Politicians manipulate their people by creating ‘bogey men’ and fomenting fear where none should really exist. They do it, not for the benefit of their constituents, but for their own self promotion and their attempt to cling on to power. It happens in every country, east or west, north or south, and it has been happening for centuries.

And what is happening to elements of the Muslim population today is no different. In their case the manipulation is made slightly easier because the evil clerics are able to deceive their largely uneducated and ignorant followers with the promise of seventy virgins and a place in heaven if they either kill themselves or other innocent people – preferably both at the same time. Strange, if the reward is so great, that you never see the clerics themselves pushing to the front of the queue to participate!  

There is a horrible trend nowadays that standards must be allowed to come down to the lowest level. Exams in schools and degrees at universities have to be made easier and easier to pass, lest some be deemed not to have qualified. Everyone has to be treated as a potential terrorist at airports in case selective targeting of possible suspects be labeled as racial or ethnic profiling. And every effort has to be made try to understand and excuse the criminals in our society who prey on the law-abiding.

We have completely lost our way. And the only solution is to take a stand on these important issues. Try to be nice, and understanding, and liked by everyone and you doom yourself and your society. There comes a time when the proverbial line has to be drawn in the sand. And there comes a time when zero tolerance is the only option.

That time is now!

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