DALLAS - Wal-Mart Stores Inc. has settled a lawsuit over its practice
of taking out life insurance on employees and making itself the
beneficiary. "A large percentage of the population doesn't approve of
the morality or the ethics of this type of conduct," Mike Myers, a
Houston attorney for the families, said Friday. "My clients'
reaction, when they found out, was stunned and disbelief, turning to
frustration and anger."


Business practices aside. The last 4 jobs I have had as well as my current
job all have had "Life Insurance" policies with the company as the
beneficiary. Typically 1-5 mil in coverage.

This is very common for companies to protect their investment. If I die
today, it will cost considerable money to replace me as well as a lot of
lost accounts. This costs companies a lot of money. You don't usually hear
about it at the "clerk" level though, it's usually in management.

I find it kind of flattering that the company considers me of value enough
to want to protect that value.

They have insurance to cover everything else (lots of things of
insignificant value) why wouldn't they protect an employee that's worth tons
to a company?

Tony