Ya gotta love the voices dubbed over the part with the clips of Jesus from whatever movie it was.

 

Guy: Heal me!

 

Jesus: I can't. You have pre-existing conditions.

Yeah, they're just investing a company asset. It costs them money if they lose a senior employee with decades of experience.

Saw the movie yesterday. They were providing examples of companies taking out policies on non-management employees. The one example was a cake decorator at a Walmart store. Executive management is one thing but when you're trying to make money on people like that I think something is wrong with the system. And to make matters worse these are called Dead Pheasant policies.

Edited October 12, 200916 yr by BigSqwert

I'd be OK with a law stating that:

 

1. You are not allowed to take out a life insurance policy on someone without them being legally notified, and...

 

2. That the subject of the insurance also has the right to say no and not be insured by whomever that 3rd party is.

 

Some more info on them.

Some more info on them.

I don't care of they get financial gain from it, that part is fine with me. The only thing that bothers me is that the subject of the insurance should get to know, and approve, of it. If that doesn't happen, THAT is when it bad.

 

I don't care of they get financial gain from it, that part is fine with me. The only thing that bothers me is that the subject of the insurance should get to know, and approve, of it. If that doesn't happen, THAT is when it bad.

I'm not ok with it. Why can't I get a policy on my neighbor, hoping that he dies? What gives these corporations a right to do this?

I'm not ok with it. Why can't I get a policy on my neighbor, hoping that he dies? What gives these corporations a right to do this?

 

Even if its just a cashier, the employer still has a a financial interest in the employee. You don't in your neighbor.

 

BTW, I think that was a big part of the CDS/other crappy derivatives problem. They started out as insurance but eventually became massive bets by third parties with no real interest.

Even if its just a cashier, the employer still has a a financial interest in the employee. You don't in your neighbor.

Just another example that capitalism is a morally bankrupt concept.

I'm not ok with it. Why can't I get a policy on my neighbor, hoping that he dies? What gives these corporations a right to do this?

 

You aren't financially invested in your neighbors life.

You aren't financially invested in your neighbors life.

Sure I am. If my neighbor takes poor care of his house and lot it brings down the value of my home.

Biggest disappointment in the film was the free pass on Obama. Sure he went after Dodd and others in Congress but Obama deserves his fair share.

Sure I am. If my neighbor takes poor care of his house and lot it brings down the value of my home.

Holy s*** what a stretch.

Holy s*** what a stretch.

My nickname is stretch armstrong.

My nickname is stretch armstrong.

 

How does that even apply to a life insurance policy?

Sure I am. If my neighbor takes poor care of his house and lot it brings down the value of my home.

 

How much are you paying your neighbor a year?

How much are you paying your neighbor a year?

So if I pay my neighbor's kid $5 to mow my lawn I should be able to take out a million dollar policy on that kid.

How much are you paying your neighbor a year?

He's preventing his neighbor's home from losing value by maintaining the value of his own home. And by not starting fires randomly.

So if I pay my neighbor's kid $5 to mow my lawn I should be able to take out a million dollar policy on that kid.

 

If you want to pay the premiums, what's the problem?

If you want to pay the premiums, what's the problem?

If it's allowed maybe I will.

So if I pay my neighbor's kid $5 to mow my lawn I should be able to take out a million dollar policy on that kid.

 

I would imagine you would have a pretty hard time not only making the payments, but finding a company that would be willing to underwrite a million dollars worth of risk based on the value of your yard being mowed. What exactly is your household worth?

I would imagine you would have a pretty hard time not only making the payments, but finding a company that would be willing to underwrite a million dollars worth of risk based on the value of your yard being mowed. What exactly is your household worth?

2 years ago he'd have had all of wall street lining up for that policy.

I would imagine you would have a pretty hard time not only making the payments, but finding a company that would be willing to underwrite a million dollars worth of risk based on the value of your yard being mowed. What exactly is your household worth?

 

So explain to me how a cake decorator at a local Walmart would get underwrited. What risk is there to Walmart if she died? Seems like a minimum wage job.

2 years ago he'd have had all of wall street lining up for that policy.

 

Please. It is one thing to justify millions of dollars for a policy when you are talking about companies with revenues in the millions and billions. It is another when you are talking about a house value difference of 10 or 20 thousand dollars. It is easy to fall in line behind Moore when the entire picture isn't being painted. The problem is that this isn't as simple as the simple agenda is painting it out to be.

So explain to me how a cake decorator at a local Walmart would get underwrited. What risk is there to Walmart if she died? Seems like a minimum wage job.

 

How much business you do think the bakery at a Wal-mart does?

Please. It is one thing to justify millions of dollars for a policy when you are talking about companies with revenues in the millions and billions. It is another when you are talking about a house value difference of 10 or 20 thousand dollars. It is easy to fall in line behind Moore when the entire picture isn't being painted. The problem is that this isn't as simple as the simple agenda is painting it out to be.

 

Well, you were able to buy insurance against a company collapsing even if you didn't have any financial interest in that company.