Banks Use Life Insurance to Fund Bonuses | WHAT REALLY HAPPENED

Banks Use Life Insurance to Fund Bonuses

Banks are using a little-known tactic to help pay bonuses, deferred pay and pensions they owe executives: They're holding life-insurance policies on hundreds of thousands of their workers, with themselves as the beneficiaries.

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You may be worth more to your boss dead than alive!

The policies are tax deductable, so the corporation pays less tax, then when the insured employee dies, the executives reap a bonus from the payouts.

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