July 14, 2025 • 51 mins
What if your employer secretly profited from your death? In this episode of The Paranoid Perspective, we dive into the disturbing world of dead peasant insurance—a little-known practice where companies take out life insurance policies on employees without their knowledge and collect the payout when they die. Originally intended to protect businesses from the loss of key personnel, this strategy expanded into something far murkier—profiting from the deaths of low-level workers. We break down how it works, the history behind it, and the ethical (and legal) questions it raises. From big-name corporations to lawsuits and loopholes, this episode uncovers the dark side of capitalism hiding in plain sight.Extra Intel:Capitalism: A Love Story documentary
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
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com Forward Slash the Paranoid Perspective podcast. Welcome back to
(01:19):
the Paranoid Perspective of Jake and I'm Sarah. Today we're
going to talk about something that probably a lot of
people might not know about, and it's kind of nefarious
and it's not WU. I promise it's not WU. Sarah.
Are you familiar with dead peasant insurance.
Speaker 1 (01:39):
Only because of you? I'm not really sure, dude.
Speaker 2 (01:44):
I was listening to another podcast about two weeks ago
and somebody brought it up and they briefly talked about it,
and I was like, there's no way this is true. Yeah,
and started doing some research. No, it's fucking true. So
for listeners that may not know, dead peasant insurance is
an informal and quote unquote somewhat controversial term for corporate
(02:07):
owned life insurance or cl c l I. Now I'm
going to say that quite a lot. So if you
hear me say col I, it's the corporate owned life insurance.
That's the acronym we're going to use. And really, here's
what it means is if they have access to any
like your information, i e. You work for them, so
(02:27):
they have your social Security number, they have your name,
they have I mean pretty much anything that you would
need to file life insurance at policy with they have
access to because you have to have it to be
employed through some of these companies. Yeah. Wow, And anybody
can take out a life insurance policy on anyone.
Speaker 1 (02:48):
That's crazy. I did not know that.
Speaker 2 (02:50):
That's what That's what I'm saying. That's what it well
with a with a little caveat to that, with the
adequate information, So you have have to have, like I
just said, like actual information as far as like names, addresses,
social Security, birthday like like stuff, but stuff that your
(03:11):
employer most likely has record of just because of your employment,
right right, and at surface value, like at surface level,
like it seems like, like you said, why would anybody
really want to do this, right, it doesn't. I mean,
at the end of the day, like it's not really
(03:31):
that much money if you think about like people that
have died in your life, you know, like you have
life insurance and it covers it. But the thing is,
if it's owned by the corporation, they're not paying the
bill for anything. They're just collecting the fucking money, you know.
Speaker 1 (03:44):
Yeh, that's insane. They shouldn't be able to use your
information like that.
Speaker 2 (03:50):
Yeah, I mean, we'll kind of get into a little
bit of like loopholes and some legal trouble that certain
corporations have had here in recent years, but it's still
technically illegal. If I remember correctly. Now, ethically, morally we're
(04:10):
kind of on some shaky ground here, but as far
as legally goes, I'm almost positive it's still legal. So
let's kind of get into a little bit of the
back history of this. So what was it originally used for?
It was originally intended for key executives or owners that
might suddenly die and financially harm the company. So we're
(04:33):
talking about key players in a company that way. You know,
they had this corporate owned life insurance, and it wouldn't
be like, holy shit, the owner just died or holy shit,
what the you know what I mean, like, what are
we to do? We don't have anybody who filled this role, right,
So it seems like from the research that I did,
it wasn't a nefarious thing off the bat, but we.
Speaker 1 (04:55):
All usually, yeah, I feel like it's usually not right.
Speaker 2 (04:59):
And you know it, it got to the point in
like the eighties and nineties where companies were like, hang
on a second, if we can like rank and file employees,
like our janitors, our clerks, and we can actually like
profit from their death. And the real fucked up part
was a lot of these people that they were targeting
(05:20):
were like people that were obese, people that they knew
had like health conditions, and like, so yeah, you're going
to pay into a life insurance policy for a little while,
but it's not going to be like their entire life.
They're like right, high likelihood of them dying. So that's
the even more fucked up part, Like you're particularly targeting
(05:40):
individuals that have a higher mortality rate. Like, man, that's insane, dude,
it's fucking nuts. But in all honesty, you know, I've
had a lot of people and I've sorry to people
work about this, and you know, I kind of came
up with like three like drivers of why people would
(06:01):
do this. Right, you get a tax repayout. Death benefits
aren't taxed, and you know it's it's free money once
that person dies, you know what I mean. A lot
of these places will have like financing employee plans that
fall under that, you know, corporate life insurance. I mean,
(06:22):
you could very well have one right now and not
even know about it.
Speaker 1 (06:27):
Yeah, just based off.
Speaker 2 (06:28):
Is something you signed up for and when you start
working for your company. And a lot of these are
used to say like we're funding benefits like health and
pensions and stuff like that, so you know, you can
kind of have a little bit of a loophole where
it's like, well, well it's not really we're not really
getting life insurance policy from like the employees are paying
for you know what I mean, like that right sort
(06:49):
of thing. And the last thing that I kind of
gathered from like all this that I was looking at
was a lot of these business owners and a lot
of these like high up corporate execs, they're like literally
hedging risk and profiting like that that's their goal, right,
So if they could borrow against any policies and balance
(07:11):
investments even profit if it ensured employee died like that,
that's what they're doing. They're creating, They're hedging their bed
against somebody that could possibly fucking die. Like I think
that is really what kills me about this stuff. Man.
It it's so nasty that corporations would be doing this,
(07:38):
and I don't think I don't think a lot of
people would realize that it's happening. I mean, how would you.
Speaker 1 (07:47):
Yeah, like do you ask HR, like do you have
a policy out on me? Like a kid?
Speaker 2 (07:53):
Yeah? I don't even know how you would go about
asking that, Like would HR? Even though.
Speaker 1 (07:59):
I don't know, Yeah, who gets the actual policy, like
the CEO is doing it.
Speaker 2 (08:03):
Or well, there there were a few cases. One was
through a company called Win Dixie. I'm not really familiar
with what it was.
Speaker 1 (08:14):
Sounds familiar, I.
Speaker 2 (08:15):
Know it does sound really familiar, but I was just
looking at what actually like how they got caught, not
what they what the business was. I guess I should
have looked into that more. But they the reason this
dead peasant insurance got coined is because they were trading
emails back and forth, referring to these policies as dead
(08:36):
peasant email or insurance like back and forth between these
fucking corporate execs. So once again, how evil and nasty
is that? That?
Speaker 1 (08:50):
Yeah?
Speaker 2 (08:51):
You just want to I can't. I mean, I get it.
I understand that it's in human nature to have that
like money and power and just want more and more
and more, and once you start to get some, you
just want more and more and more. But man, this
is like really fucked up, right.
Speaker 1 (09:08):
Yeah, that's really bad. I mean that they're emailing each.
Speaker 2 (09:12):
Other about like joking about it, right, Yeah, that that's
what it is. It's it's like you don't even like,
don't get me wrong listeners. I work a nine to
five right now for a major corporation. I am well
aware that they do not give a fuck about me.
I get it. But at the same time, this is
a whole new level. I don't give a fuck about you.
Speaker 1 (09:34):
Yeah, this is like I don't know so much worse.
If I found that out, I would like quit, Well
can they keep?
Speaker 2 (09:41):
I mean, but that's the thing. Even if you quit,
I think they still have a life insurance policy out
on it. If they're paying for it, you know what
I mean, it's theirs their policy. So I don't think
there's like anything you as an individual can do to
get that life Like, why would you ask them to like, hey,
(10:04):
I don't want this company to pay you any more
money life insurance company. They're gonna be like, no, we're okay.
Speaker 1 (10:11):
Right, Yeah, they don't care either.
Speaker 2 (10:13):
Yeah, but yeah, it's I don't know, man, But there.
Speaker 1 (10:20):
Are a few you like prevent this.
Speaker 2 (10:23):
I I can't work for yourself, but that's not that's
well easier said than done. But I mean, yeah, we're
try working there. We're getting there. Sarah. Yeah, so let's
talk about some some notable cases. Okay, So, speaking of
major corporations Walmart ninety three into the two thousands. I
(10:46):
actually do have a case from twenty ten that we'll
get into a little bit, but just like a quick
overview of kind of what they did in that timeframe.
So they ensured over three hundred and fifty thousand full
time employees.
Speaker 1 (11:01):
Three hundred and fifty thousand.
Speaker 2 (11:03):
Three hundred and fifty thousand is unbelievable And it has
to be.
Speaker 1 (11:12):
Like someone's full time job or something.
Speaker 2 (11:15):
Right, there is someone at corporate that is literally that
is their job. They are the dead peasant farmer, or
whatever you want to call that title. They're they're picking
out the people. But see, once again, the company self
insured and named itself as the beneficiaries with no employee notice.
(11:36):
So they literally just took their information, set up a
life insurance policy for each of these individuals and didn't
give them any notice and Walmart was the sole beneficiary.
Speaker 1 (11:51):
That's so gross.
Speaker 2 (11:53):
Yeah, so internal communications once again even joked referring to
dead peasants.
Speaker 1 (12:04):
Really, that's crazy. I feel like we should someone should
be able to do a class action lawsuit or something.
Speaker 2 (12:11):
Well, there were some lawsuits that were filed and Walmart
settled multiple class action lawsuits and faced IRS challenges on
any of the tax deductions that they had, so there
was some legal recourse that happened, and ultimately they dropped
the entire practice in the mid nineties after heavy criticism.
(12:32):
But let's go to this originally published article on May seven,
twenty ten.
Speaker 1 (12:43):
That's great.
Speaker 2 (12:46):
Walmart got money when one hundred and thirty two Florida,
Florida employees enrolled in a corporate owned life insurance program
that had ended up and it ended up dying, and
Walmart had collected that money. So once again they used
a loophole. Yes, they're not allowed to do it without
your quote unquote consent, but that's not really you consenting.
(13:11):
It's more of like, hey, we have this program where
it helps it helps us give benefits and different things
like that. Really what it was was the company names
itself the beneficiary on policies that were bought in the
name of the rank and file employees. Walmart said they
stopped this practice in two thousand.
Speaker 1 (13:34):
Yeah, okay, you can't trust any corporation saying oh, we're
not doing it anymore, like right.
Speaker 2 (13:43):
Aleen Moss, she represented Walmart. She said it had paid
more than fifteen million to settle class action dead peasant
suits in Texas Oklahoma, but in Florida, she argued the
law was on Walmart's side. So in two other states
they had already dude, Like, that's what I'm talking about.
(14:04):
And this was in this is an article published in
twenty ten. Right, So they supposedly stopped, according to you know,
one source, in the nineties, and then in this they
supposedly stopped in the two thousands, and then here we
are in twenty ten hearing the same shit again. So
(14:25):
you think for a second they fucking stopped. No, they're
just finding other fucking loopholes. Like and that's the other thing,
Like I can't imagine, and I don't even me wrong,
I understand there are defense lawyers for everything, you know,
people that do heinous acts, and there are people appointed
(14:46):
in place to give them their day in court because
that is their right they get a fair trial. It's
already been proven in two other states, right, Like, yeah, prove.
Speaker 1 (15:00):
It in all fifty states.
Speaker 2 (15:02):
Well I suppose that's true. But I mean once again
to say that, oh, we don't do this no more,
Oh we don't.
Speaker 1 (15:08):
Right, yeah, no, no, no, no, no, not in this state.
Speaker 2 (15:11):
Not in this state.
Speaker 1 (15:12):
No, we don't do in this state.
Speaker 2 (15:13):
Walmart would never do this in Florida, right, not again,
not again, not again. We stopped in the nineties, Remember,
we don't do this anyway. What I but what I
can't get over is the three hundred and fifty thousand
employees between ninety three and two thousand, Like that is insane.
Speaker 1 (15:33):
That is insane. I feel like that's more than one
person's jaw.
Speaker 2 (15:36):
Then, Like I mean, I should have been more prepared.
Let me see what a typical life insurance policy would
probably pay out. I don't know for sure. I'm not
going to sit here and google it. It's not good podcasting,
but I'm going to assume anywhere from two hundred and
fifty to five hundred thousand dollars. You think that's probably
a yeah, a pretty good range of most life insurance policies, probably, yeah.
(16:00):
So you're looking at a billion dollars industry that you
can get just off of ensuring these fucking people. And honestly,
do you think the monthly payment you have to pay
for that life insurance policy is putting a dent in
these major corporations.
Speaker 3 (16:18):
Open Amazon's got to be doing it too, one hundred percent.
Speaker 2 (16:21):
Everybody's got to be doing it. If one person is,
everybody is, because these people all talk, they all, you know.
I don't know. So there was another one, I'm not
I'm not familiar with either one of these companies, Camelot
Music and Philippe B. Tillman Philipe Tillman, not sure.
Speaker 1 (16:42):
I don't know.
Speaker 2 (16:44):
They ensured only fourteen hundred full time and collected around
three hundred and forty thousand dollars off of that fourteen hundred.
So if you're looking at the difference between fourteen thousand,
fourteen hundred, I'm sorry and three hundred and fifty fucking thousand,
(17:05):
that's a shit ton of money. Shit ton of money
that these people are making. The only thing was this
was one of those though I guess Philippe Tillman was
one of the key staff, so I think it was
set up in the case the invent event of his death.
(17:29):
So I think there was originally with that company at least,
like hey, we gotta we got to ensure this dude,
just in case, you know, we don't want the company
to go under. But then I think, you know, they
started getting greedy with that you know, extra fourteen one
hundred employees. But in that case, his estate actually sued
(17:53):
under Oklahoma law under insurable interest. I'm not sure exactly
what that was, but apparently they had a concealed policy
that he didn't know about. So it was one of
those where he didn't even know what was happening.
Speaker 1 (18:05):
Oh wow, that's crazy. So what like the board did
it or something.
Speaker 2 (18:10):
I'm assuming whoever, like the stockholders or the board of
directors or whatever. I'm not familiar with the Camelot Music
I'm not sure what that is, but the Tenth Circuit
found that Camelot Music did have an ensurable interest because
(18:31):
it invested in its employees. Quote unquote, This just pisses
me off, dude, That's what I'm saying. Bullshit. Yeah, like
what the hell, because you know, you know, like I
don't care what anybody says, and working for some of
(18:53):
these corporations is just fine. I'm not talking shit. If
you're an employee that works for one of these corporations,
I am talking shit. If you're one of these corporate
executives that is fucking still doing this shit, that is
one hundred percent what I'm doing. Because yeah, there are
plenty of corporations. Like I said, I work for a
major corporation and they pay me enough to you know,
have a home and provide for my family. Awesome. But
(19:19):
I also understand that this shit happens so frequently now
that I've actually dug into, like like this is one
of those like where I thought it was just a
conspiracy theory or I thought it was just somebody being
a weirdo. And the more and more and more I
started digging into it, I was like, what in the
actual fuck is happening? Like there is no way.
Speaker 1 (19:42):
And it's everywhere everywhere.
Speaker 2 (19:44):
It has to be. It has to be.
Speaker 1 (19:48):
You know, I'm going to ask, how do I ask?
I gotta talk to the CEO, be like listen here, man.
Speaker 2 (19:54):
Yeah, hey, I need to know right now if I
have any corporate owned life insurance policies out on me
out Yeah.
Speaker 1 (20:03):
Well, I mean I doubt I don't know. My company
is the only you know that, Like, I don't how
many is there, like fourteen thousand employees, Like they could
have an every single person they could they very well,
I don't know if they would. I guess, like you said,
they're probably targeting well the longer you're gonna lives. May
(20:24):
they only go after older people or I think they
don't have to pay forever on someone's.
Speaker 2 (20:29):
Well, but are you really paying that long? And people
die every day, you know what I mean, because it
doesn't matter how you die, It just matters you die.
I mean, oh my god. And then they kill you, dude,
I'm telling you, I'm fucking telling you.
Speaker 1 (20:47):
Can they overwork you until you have a heart attack
at your desk.
Speaker 2 (20:53):
It's all part of the plan, all the stress and
all the bullshit, all the fucking right. Hey, you did
a really great job, but it's just not quite good enough.
We need you to try harder, right, you know, we
need to move We need to move the needle. Okay,
all yeah, constantly going forward. Okay, our bottom line.
Speaker 1 (21:11):
Continuously grow, even though that's literally impossible. Well, it can't
ever have a bad day. Yeah, to continuously be one
person better every day.
Speaker 2 (21:24):
Yeah. Well, there is a other notable case. I kind
of touched on it at the beginning when Dixie and
now Chemical they made similar mass corporate and life insurance purchases.
Some of these companies, though, like when Dixie I believe
(21:45):
dropped the practice under pressure from like you know, any
sort of legal issue and stuff like that. So I
think it was one of those where they were like, hey,
it's a good idea, and they started getting caught and
they're like, ooh.
Speaker 1 (21:57):
Aren't they the cups?
Speaker 2 (21:58):
Thank you?
Speaker 1 (21:59):
Thank you.
Speaker 2 (22:00):
Yeah, that's what I thought. That's what I thought. I
could not remember. Thank you. That helps me out so much,
thank you. But anyway, a cup company, well, I mean,
how many people make those fucking cops? I know?
Speaker 1 (22:16):
Yeah, in dangerous factories too.
Speaker 2 (22:20):
Yeah, But the thing is, well, I mean, I guess
they're all relatively dangerous to some extent. If you're working
in any sort of factory, even if it's like a
high tech Amazon, you know, distribution center or something, you're
probably still at risk for something. But they really caved
(22:41):
under pressure the Wind Dixie and the Dow Chemical under
Banks and other insurers. They started filing like those people
started actually filing lawsuits arguing that they misused employees' identity
and they kept getting presented questions about, you know, their
consent with any of the cat that was being you know,
(23:01):
gone through. So that was a little bit better, but
I think that was a pretty early case. Like in
the with the Wind Dixie. I want to say it
was pretty early, like in the late eighties or nineties,
so it might have been one of those like, hey,
we're not using this for employees, We're using this for
you know, high up corporate level executives and stuff like that.
(23:26):
So let's talk about a little bit of this, uh
legal and ethical implication. Yeah, is it, Sarah? Do you
think it's legal?
Speaker 1 (23:38):
I would say there's probably not a lot against it.
Speaker 2 (23:42):
Supposedly it has been illegal since two thousand and six,
but we've just proven that wrong. With that supposedly but uh,
like federally, I believe so because it's it was imposed
by the pen Act of two thousand and six, So
I'm assuming, yes, it is a federal thing. I don't
(24:05):
think it's a state by state thing. But yet that
article that I brought up in twenty ten proves that otherwise. Wow.
So yes, well that's what I'm saying, saying a law, Yeah,
there's a law. There is a law, and like I said,
it is the Pension Protection Act of two thousand and six.
(24:28):
It imposed a couple of rules. Employees must receive written
notice of any policies put in their name. They must
also give written consent even after they've been terminated, if
anything is put in their name, they have to sign
a copy saying, yes, I consent to you having blah
(24:49):
blah blah blah blah. And the coverage is restricted to
top out at thirty five percent, so they're not even
going to get the full policy. If somebody were to
pass away, you're going to get thirty five percent of that,
you know. So practically these companies have to be quote
unquote transparent. But this that act did help out a
(25:15):
lot because it kind of marked the end of like
the secretive side of it, you know what I mean.
The problem is there's a lot of loopholes that we
talked about, you know, like we have these things where
they're not called corporate owned life insurance. It's called like
the associate Benefit program or the you know any name.
(25:39):
They can come up with it saying that like, oh, yeah,
well this money is going into this and you have
to sign up because this is going to go to
help whatever for, you know what I mean. And then
so right off the bat, you're signing something. So we
checked one of the boxes. You've received a written notice
that you signed, and the only thing that we can't
(26:01):
confirm is that the coverage is restricted to top thirty
five percent. So they've already checked that. They've already checked
two with the blocks off of the Pension Projecting Act.
If they do something like that, you know what I mean,
they don't have.
Speaker 1 (26:17):
To call it the corporate owned life insurance.
Speaker 2 (26:21):
Though. Well, I hate to sound conspiratorial, Sarah, but the
federal government probably doesn't really give a shit because they're
probably getting some money from this too, if we're being
if we're being real, they probably.
Speaker 1 (26:34):
Have a policy on every single Americ person.
Speaker 2 (26:37):
Probably in all honesty. Well, see, and this is the
funny thing. This is the this is the episode. It's
going to get a shut down, Sarah, because we're exposed
to the wise not talking about Bigfoot or not talking
about aliens. You know this next thing, you know, we're
going to get a knock at the door and be like, hey,
you can't can't be telling nobody about this. We need
(27:00):
you to shut up or you're going to be buried
in the desert somewhere. So there was a lot of
public reaction and surprise from finding out about this. The
actual term dead Peasant hit the public. Everybody loves Michael Moore.
(27:25):
He had a movie Capitalism, a love story in reference
to Walmart's corporate life incertance policies. So that was like
really the first time I think people kind of started
to hear about this. I don't think though, that people
really paid a whole lot of mind to it, because
(27:47):
he was a pretty prolific figure. Like you either like
loved him or hated him, and it was like fifty percent,
you know what I mean. Yeah, so a lot of
people were probably sitting there like, oh, Michael Moore, I'm good,
you know what I mean, or they were like, hell, yeah,
this guy's on it, you know what I mean. And
that's usually how it seems with most of these like
real world conspiracy theories that actually happen, you know, right, Yeah, you.
Speaker 1 (28:13):
Either totally believe it or you don't at all.
Speaker 2 (28:15):
Yeah, but like the birds, Hey, the birds aren't fucking real, man,
Those fucking ostriches are goddamn What are those uh at
eights from? Uh no? Is that's not right? What's the
damn Oh the Chicken Walker from Star Wars, that's what
they are are. Yeah, that's true. Hey, listeners, if you're
(28:38):
not familiar with what we're talking about, scroll down a
little bit and check out the Birds Aren't Real episode.
It's pretty hilarious. Ye, but that was really the first
time that that dead peasant term got used, and it
was the first time that like, families started realizing that
deceased employees had policies taken out on them. You know,
(28:59):
you start to see documentaries like that, they would have
no idea that their loved ones were insured, you know,
through corporate offers, and a lot of these people felt
like it was owed to them and their family, not
to the fucking corporation. But then you get into the
slippery slope of like, well, you didn't pay for the
(29:21):
life insurance policy, Like you're not the beneficiary, you know,
if you paid for a life insurance policy, let's say
on them on the big end of I don't know,
they had an older employee that was maybe forty five
fifty and they had to pay on it for fifteen
years and he died.
Speaker 1 (29:40):
Well, you know, right, they did put the money into it, right,
they did.
Speaker 2 (29:45):
Put the money into it. But it's still very very,
very very unethical because the families actually used that life
insurance policy for any sort of funeral arrangements, any sort
of unused debt that the decease might have. You know,
there's multiple different things that you have to have in
(30:06):
place when a loved one dies. You know, it's not
just like you're not just it's not like these guys
where you know, it's like, oh man, you know, somebody died.
Now I've got to you know, I'm going to get
five hundred thousand dollars for a life insurance policy. I'm
not making money. I'm using it all for every funeral expense,
every debt or whatever the individual had. These motherfuckers are
(30:29):
just putting in their pocket.
Speaker 1 (30:31):
You know, it's just pure profit. That's what pisses me off.
Speaker 2 (30:35):
Yeah, tax free, pure profit. Well, and see that's the
thing is it gets into that like it's a really
shitty Well I'll take that back. I'll play Devil's out
of it for a second. It's always good because I
think ambition is like one of those double edged swords
(30:55):
of human quality, because without ambition, no nothing gets done.
But ambition going out of control is what makes this
fucking should happen. Right, Yeah, you know what I mean.
It's like the it's like the old emperors of Rome,
you know what I mean, Like they would they would
just go and fucking wrex shop just because they wanted
to have a war under their belt, you know, just
(31:17):
out of nowhere. Oh yeah, my grandpa did this, and now,
uh there's nobody to fight, so hey, let's just go
fuck that village up real quick. So I can, you know,
say I did something, you know what I mean? And unfortunately,
I think with a lot of human characteristics, you have
extremes on both sides, you know, and you have this
sort of greed and ambition at people at these top
(31:39):
levels of these companies that there's never enough.
Speaker 1 (31:43):
You know.
Speaker 2 (31:43):
You you can't say that they already have enough, because
I mean, yeah, you can think that, but they're never
gonna think that. They're always going to be wanting more
and more and more, and they don't care how to
how they get it right.
Speaker 1 (31:57):
Yeah, they don't care. And they think they're like invincible,
well like some of them when you get so high
up there, well to.
Speaker 2 (32:06):
Some extent, they really are. I mean you got to
think how many friends they have, how many you know,
how many judges are they friends with? How many federal employees,
how many federal you know, representatives are they friends? You
know what I mean?
Speaker 1 (32:18):
Like yeah, politicians and yeah, yeah, it.
Speaker 2 (32:22):
Gets to that point where you know the dirty part
about politics of the whole, like, oh you scratch my back,
I'll scratch your back. Well, who's paying for these politicians
to do these things? It's corporations. It's yeh, non government
organizations that are giving out these ridiculous amounts of money
to do certain things. And I think this is just
(32:44):
like the tip of the iceberg of how they get
some of that cash.
Speaker 1 (32:47):
Right, yeah, and they're using cash from us, from people dying, yeah,
to fund this bullshit.
Speaker 2 (32:57):
Well, and that's that's what I think freaks me out
more than anything, because like the first few ones we
talked are the second few ones we talked about, you know,
like the Camot music and you know, the wind Dixie stuff,
Like we're talking a few thousand people, not not a
whole lot. You know, it's it's nothing crazy. And how
(33:19):
when Dixie even you know, stopped it. So good on
them for you know, being a piece of shit at first,
but at least supposedly stopping it. But that one from
Walmart with the three hundred and fifty thousand employees that
like blew me.
Speaker 1 (33:35):
Away, that's insane.
Speaker 3 (33:38):
I mean, how many now do they have like the
it's got to be it's got to be at least that.
If not more, I would assume more, you know, I
would think more. And and the worst part about it
is Walmart is everywhere? How many people you know work
(34:01):
at Walmart? How like across because Walmart even goes across
you know, international, you have Walmart's in other countries, but
just in.
Speaker 2 (34:11):
The United States, there has to be millions of people
that work for Walmart or have worked for them or yeah,
or have like And that's the thing that kind of
freaked me out even more. It's like, even if you
don't work for the companymore, if they pull a life
insurance policy out on you, there's no way you're going
to know. There's You're just they're just going to have it.
(34:34):
And all they're waiting for you is to get in
a car accident, fall down somewhere, have a heart attack,
and next thing you know, they're getting, you know, hundreds
of thousands of dollars for your death tax free. So
I don't know, man, It's one of those that like
really freaked me out. I really want to watch that
Michael Moore documentary on it to kind of get a
(34:57):
little bit more information. I didn't have the time to
actually get to it, but I feel like I'm not.
I like, wasn't a huge fan of him, and I
don't think I really am either. I don't know who
he is. Okay, he's the guy that did the what
was that big one he did, Fahrenheit nine eleven.
Speaker 1 (35:18):
I don't I don't think I watched that.
Speaker 2 (35:20):
Yeah, yeah, it's it's pretty good. I will to his credit,
he is a very he is very good at getting
a lot of information, but he is extremely biased. That's
the only thing I kind of I don't like about it.
It's at least in my opinion. Now listeners, you might
not think the same, but it's my opinion. I'm entitled
(35:41):
to it.
Speaker 1 (35:42):
So so.
Speaker 2 (35:46):
Just to kind of do a little bit of a
recap the corporate and life insurance or dead pasant insurance,
let's corporations ensure and profit off employee. That's mostly tar
getting lower level employees such as cashiers, janitors, people that
have known health conditions that are morbidly obese. Like, I
(36:09):
think that's what freaks me out more than anything, is
like deliberate targeting, right, Yeah, especially.
Speaker 1 (36:17):
The lowest people like you. You're paying them the worst
typically like, and you're going to make profit off of
their death, and you're targeting people who are going to
die sooner, so you don't have to pay as much.
Speaker 2 (36:30):
Like yeah, yeah, pay them.
Speaker 1 (36:32):
More at least than or something. I don't know.
Speaker 2 (36:35):
Bad. I don't think paying them anymore for doing bullshit
like this would be any better. I think you should
just not fucking do that. But that's is in my opinion.
Speaker 1 (36:45):
Yeah, I don't think you should be able to do that.
Speaker 2 (36:48):
You definitely like at all.
Speaker 1 (36:49):
I don't, not even with consent, like, not at all.
Speaker 2 (36:52):
Well, it'd be one thing if there was a purpose
behind it. There is zero purpose behind it. Like me,
having life insurance on a loved one makes sense. I
will not have the money, most likely in the event
of somebody's untimely death, to pay for everything. I won't.
(37:14):
I don't think most people do. But if I have
life insurance, I'm covered. I will not go into debt.
I will not have to take out some crazy, stupid
high interest loan to pay for a funeral. I won't
have to make payments on it. You know what I mean.
I've been paying the life insurance policy for how many years?
And I'm good. This is just like I said earlier,
(37:38):
just profit, you know, hedging bets, risk reward. Like I
guarantee you there there's been corporate meetings, probably hundreds of
thousands of them, of some dude up there with a
fucking pie chart and a spreadsheet and aven diagram talking
about who we need to you know, start in pulling
(37:58):
these corporate life insurance policies out on I guarantee you
plenty of meetings that have gone on like that and
probably still do yeah, probably yeah. And the bad thing
about it, just to recap again, and I don't know
how they would go about this, but listeners of the show,
(38:18):
if you are listening to this, the legal loopholes and
the smart accounting from these companies are what makes it profitable.
So like, don't just sign your name to something if
you start a new fucking job, like, actually read it,
even if it's fifteen pages fucking long, you know what
I mean. And to be fair, I'm one hundred percent
(38:41):
guilty of that, but I'm not reading this fucking shit
cool whatever. You know, I could very well have a
couple of life insurance policies out on me for different corporations.
You know what I mean?
Speaker 1 (38:52):
Right, Yeah, Yeah, I could too. Yeah, so I demand
to see what I signed. I could look at again.
Speaker 2 (39:01):
Well, well, see, that's the thing I'm trying to figure out.
And I'm sure it's company by company, but I'm sure
that you can do that very easily. But you just
got to know what to ask for, you know what
I mean. I'm gonna be honest with you. I've been
thinking about it for a while as trying to figure
out the best way to word it to my HR
team be like, Hey, what's up with that corporate life
(39:25):
insurance on me? She motherfucker's doing Yeah.
Speaker 1 (39:30):
So yeah, just like that.
Speaker 2 (39:34):
I have a couple of theories, and we kind of
already talked about a few of these as to why
this is kind of ongoing, because it's clearly is. I
don't think it's something that's stopped in two thousand and
six with the Pitch and Protection Act. I don't think
that stopped it at all. They just found different loopholes
(39:57):
ticket around it. First one, we kind of already talked
about people in these positions of power, they just want
more money, they want more power, and they want more influence.
That's an easy way to get a super cash grab
tax free money in my pocket. You know, that one
really kind of makes the most sense to me. And
(40:17):
we kind of touched on the second one that I
have of a little bit more nefarious things, because like
these companies do go to these fundraisers for a lot
of these federal employees, a lot of these political figures,
a lot of you know, government organizations and stuff like that,
(40:38):
because you know, money talks, and the more that you
give a certain person or a certain party. I'm not
trying to get political. I don't care which way people
lean here, but these corporations paying people money will influence
their decision making at one hundred percent, will do that
regardless of your political affiliation, regardless, And that one I
(41:02):
think the first. I think those two kind of go
hand in hand. I think that's I kind of split
them up into two different theories, but I really really
think that's what it is. I think that's what people
are doing this for more than anything.
Speaker 1 (41:18):
Yeah, I mean I think that makes sense. Just might
as well get more money where you can. They always
have to show a profit too, I mean, does this
get in there like what's it called, like their call
like the earnings call. Well, so here's things like under
(41:39):
the table.
Speaker 2 (41:41):
Here's the thing. These policies do not have to be
taken out by the company. They can be taken out
by individuals.
Speaker 1 (41:55):
Even if it's made out to like Walmart.
Speaker 2 (41:57):
Then I don't I don't think it's that cut. And
I think what's happening here. I think that does happen too.
And I'm sure there is some sort of like profit
loss document that they go over that is trackable and
stuff like that, but I've never seen it outright said.
(42:19):
But one of the sentences that got me when I
was first doing this is anyone can pull life insurance
policy on anybody as long as they have that information.
So to go a little bit conspiratorial here if individuals
at the corporate director VP level, individuals are just taking
(42:43):
at a life insurance policy, not through the company, but
they're in colluding together in groups to make money. That
makes a lot of sense too. They're not doing it
through the corporation, you know. I feel like it would
be a little I don't know what the legal ramification
(43:05):
would be, because once again, if you have the information,
you can do it. But I feel like it's a
lot more I moral to do it individually than through
a faceless company, you know what I mean, because that
means you're one hundred percent just in it for the profit. Yeah,
and then the last thing that was I'm happy you
kind of kind of touched on it in the beginning
(43:25):
of the episode. I mean, what would stop these people
if they wanted to in your life early? You know
what I mean? If they're like, man, we've been paying
on this motherfucker for fifteen years. Doesn't die. Hey, Larry
(43:45):
go out to his car, cut his brake lines, you
know what I mean.
Speaker 1 (43:49):
Yeah, let's stage an accident, but then they should pay
the accidental debt at work or whatever.
Speaker 2 (43:57):
Well, what if it's not a work That's that's what
I'm getting into. Yeah, right, that's that's the part that
I don't think the listeners. I don't think people are
going out and putting hits out on people. I'm just
being conspiratorial here. Okay, this is the fun part of
the episode where we talk shit. Okay, this is not
(44:17):
something I truly believe. I want to put that out
there right now. But if I happen to diet and
kill myself, Okay, get that out of their too.
Speaker 1 (44:25):
Me too, same thing here, zero zero.
Speaker 2 (44:29):
Nobody on this episode between Sarah and I have any
plans of ending our life, I promise, So if it happens, yeah,
you can go talk to these major corporations anyway.
Speaker 1 (44:39):
Yeah.
Speaker 2 (44:40):
But at the same time, you know, these people, like
you said, they think they're invincible, They think they can
do whatever the fuck they want because they have been
doing whatever the fuck they want. There could be a
meeting work stage. It's like, Hey, Larry Man, we've been
paying on this dude for fifteen years. I need something
to happen to him, make it look like an accident. Oh,
(45:02):
don't worry, man, I got a dude named Robbi. He
does this all the time.
Speaker 1 (45:05):
Boom, you know, I mean, stranger things, stranger things have happened.
So that's not like that crazy, it's not.
Speaker 2 (45:15):
And you got to think when we did the episode
on Victoria Goodwin, she was only going to pay that
hit man like twelve thousand dollars, right, Yeah, So clearly,
clearly it's super cheap to hire a hitman, right the
company is going to make hundreds of thousands of dollars.
(45:36):
What's ten thousand to hire some random dude? You know what?
I mean like, I was sitting thinking about this last
night at work, and I was just like, there are
so many goddamn rabbit holes I could go down with
this right now as to why they would fucking do
this and how they would do this. This is not
like it was freaking me out, and I was just
like the fact that there would be there's O zero
(46:00):
empathy that they don't give a fuck based on what
we've seen here just from polling out these insurance policies,
there is no reason why these people would not just
be like, yeah, I'm done paying for this, Go get
GOGA rid of them. Stage accident time to cash. Yeah yeah,
actually better yet, we've got two of our employees that
are going across the country on vacation this week. Go
(46:22):
ahead and take do it two for one, you know
what I mean? Yeah, so, because I mean, I hate
to say it, but you know, people die every single day,
and most of the time it just is something that happens,
you know what I mean, You have a car accident,
you fall and hit your head. Like I'm not saying
(46:42):
that it's easy to murder someone or put a hit
out on somebody, but it's people are still being investigated
for murders that they cannot find the murderer. So yeah,
I don't think it's impossible to get away with it either,
so right.
Speaker 1 (47:00):
Yeah, I don't know.
Speaker 2 (47:01):
They have more resources to a lot more resources, a
lot more power, a lot more influence, a lot more money.
I feel like it's not that big of a deal.
Speaker 1 (47:12):
No, we're just cattle.
Speaker 2 (47:16):
Hundred percent for the Oh my god, sorry to rude
your day, Sarah.
Speaker 1 (47:22):
Yeah, now I'm gonna be sitting thinking at night.
Speaker 2 (47:27):
It's bad, man, dude, I'm telling you, listeners, full disclosion.
We talked a little bit last week about this, and
Sarah was kind of fucking laughing about it. And I
think one of the reasons why you're not so chatty
is because you're pissed off about it.
Speaker 1 (47:40):
I wanted to know, like, no, I see the reality.
Oh my god, this is probably everywhere I got tuck
to me.
Speaker 2 (47:51):
Right, Listeners, respectfully and smartly go about talking about this,
you know what I mean? Because you know you might
land in some hot water with some.
Speaker 1 (48:03):
If you ask too much.
Speaker 2 (48:06):
Yeah, and once again, or best case scenario, more likely scenario,
they'll just fire you and still have life insurance policy
on you. Yeah, that's true, So nothing you do about it.
Speaker 1 (48:19):
No, I'm going to break into their files and delete it.
Speaker 2 (48:23):
Let's not do that.
Speaker 1 (48:25):
No, I don't have the resources for that. I'm not
a corporation.
Speaker 2 (48:28):
I don't. I can't do things like that. Well, same
as same as last week episode or with the dream
or not with dreams. When we were talking about, you know,
any of the go fund me because Sarah likes I
liked it with the dream one where you said we
need to go fund me for ice cream and any dairy.
That way you can get some more set up as
(48:49):
a go fund me, so we can become a major
corporation and pull life insurance policies out on all of
you guys, because that's you know what you do.
Speaker 1 (48:55):
So yeah, yeah, I'll do it on the CEOs of
the other companies. That's what we'll do.
Speaker 2 (49:05):
Yeah, I'm not gonna do that.
Speaker 1 (49:07):
But oh yeah, we don't have their information.
Speaker 2 (49:11):
We could probably get it, but yeah, not worth it. Yeah,
So anybody listening to this, we're totally joking. Towards the
end of this word, We're we're not planning on doing
anything anywhere close to what these fucking assholes are doing.
We're just talking.
Speaker 1 (49:25):
About our money. Yeah, court desire.
Speaker 2 (49:29):
We are just two experts on a podcast talking about
stuff we don't kind of know about. That's the best
way I'm gonna put Yeah, just make it sound like good. Yeah. Hey,
confidence is better than confidence, right.
Speaker 1 (49:44):
Yeah.
Speaker 2 (49:47):
Anyway, listeners, that's going to wrap up the Dead Peasants episode.
I hope you guys enjoyed it as per usual. Uh
whatever you're listening to this on, give it a like,
give it a share. If you're listening to this on iTunes, Spotify, whatever,
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(50:08):
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Speaker 1 (50:15):
And as always, remember just because your paranoid doesn't mean
they're not watching. See you next time on the Paranoid
perspect
Hey everyone, exciting news. We've officially launched The Paranoid Perspective Patreon.
If you love what we do unpacking conspiracies, chasing mysteries,
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Speaker 2 (00:13):
So for as little as five dollars a month, you
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Speaker 1 (00:25):
So Tier one is the Curious Minds and you get
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So if you guys are interested, check in the show
notes down below, or you can head to patreon dot
com Forward Slash the Paranoid Perspective podcast. Welcome back to
(01:19):
the Paranoid Perspective of Jake and I'm Sarah. Today we're
going to talk about something that probably a lot of
people might not know about, and it's kind of nefarious
and it's not WU. I promise it's not WU. Sarah.
Are you familiar with dead peasant insurance.
Speaker 1 (01:39):
Only because of you? I'm not really sure, dude.
Speaker 2 (01:44):
I was listening to another podcast about two weeks ago
and somebody brought it up and they briefly talked about it,
and I was like, there's no way this is true. Yeah,
and started doing some research. No, it's fucking true. So
for listeners that may not know, dead peasant insurance is
an informal and quote unquote somewhat controversial term for corporate
(02:07):
owned life insurance or cl c l I. Now I'm
going to say that quite a lot. So if you
hear me say col I, it's the corporate owned life insurance.
That's the acronym we're going to use. And really, here's
what it means is if they have access to any
like your information, i e. You work for them, so
(02:27):
they have your social Security number, they have your name,
they have I mean pretty much anything that you would
need to file life insurance at policy with they have
access to because you have to have it to be
employed through some of these companies. Yeah. Wow, And anybody
can take out a life insurance policy on anyone.
Speaker 1 (02:48):
That's crazy. I did not know that.
Speaker 2 (02:50):
That's what That's what I'm saying. That's what it well
with a with a little caveat to that, with the
adequate information, So you have have to have, like I
just said, like actual information as far as like names, addresses,
social Security, birthday like like stuff, but stuff that your
(03:11):
employer most likely has record of just because of your employment,
right right, and at surface value, like at surface level,
like it seems like, like you said, why would anybody
really want to do this, right, it doesn't. I mean,
at the end of the day, like it's not really
(03:31):
that much money if you think about like people that
have died in your life, you know, like you have
life insurance and it covers it. But the thing is,
if it's owned by the corporation, they're not paying the
bill for anything. They're just collecting the fucking money, you know.
Speaker 1 (03:44):
Yeh, that's insane. They shouldn't be able to use your
information like that.
Speaker 2 (03:50):
Yeah, I mean, we'll kind of get into a little
bit of like loopholes and some legal trouble that certain
corporations have had here in recent years, but it's still
technically illegal. If I remember correctly. Now, ethically, morally we're
(04:10):
kind of on some shaky ground here, but as far
as legally goes, I'm almost positive it's still legal. So
let's kind of get into a little bit of the
back history of this. So what was it originally used for?
It was originally intended for key executives or owners that
might suddenly die and financially harm the company. So we're
(04:33):
talking about key players in a company that way. You know,
they had this corporate owned life insurance, and it wouldn't
be like, holy shit, the owner just died or holy shit,
what the you know what I mean, like, what are
we to do? We don't have anybody who filled this role, right,
So it seems like from the research that I did,
it wasn't a nefarious thing off the bat, but we.
Speaker 1 (04:55):
All usually, yeah, I feel like it's usually not right.
Speaker 2 (04:59):
And you know it, it got to the point in
like the eighties and nineties where companies were like, hang
on a second, if we can like rank and file employees,
like our janitors, our clerks, and we can actually like
profit from their death. And the real fucked up part
was a lot of these people that they were targeting
(05:20):
were like people that were obese, people that they knew
had like health conditions, and like, so yeah, you're going
to pay into a life insurance policy for a little while,
but it's not going to be like their entire life.
They're like right, high likelihood of them dying. So that's
the even more fucked up part, Like you're particularly targeting
(05:40):
individuals that have a higher mortality rate. Like, man, that's insane, dude,
it's fucking nuts. But in all honesty, you know, I've
had a lot of people and I've sorry to people
work about this, and you know, I kind of came
up with like three like drivers of why people would
(06:01):
do this. Right, you get a tax repayout. Death benefits
aren't taxed, and you know it's it's free money once
that person dies, you know what I mean. A lot
of these places will have like financing employee plans that
fall under that, you know, corporate life insurance. I mean,
(06:22):
you could very well have one right now and not
even know about it.
Speaker 1 (06:27):
Yeah, just based off.
Speaker 2 (06:28):
Is something you signed up for and when you start
working for your company. And a lot of these are
used to say like we're funding benefits like health and
pensions and stuff like that, so you know, you can
kind of have a little bit of a loophole where
it's like, well, well it's not really we're not really
getting life insurance policy from like the employees are paying
for you know what I mean, like that right sort
(06:49):
of thing. And the last thing that I kind of
gathered from like all this that I was looking at
was a lot of these business owners and a lot
of these like high up corporate execs, they're like literally
hedging risk and profiting like that that's their goal, right,
So if they could borrow against any policies and balance
(07:11):
investments even profit if it ensured employee died like that,
that's what they're doing. They're creating, They're hedging their bed
against somebody that could possibly fucking die. Like I think
that is really what kills me about this stuff. Man.
It it's so nasty that corporations would be doing this,
(07:38):
and I don't think I don't think a lot of
people would realize that it's happening. I mean, how would you.
Speaker 1 (07:47):
Yeah, like do you ask HR, like do you have
a policy out on me? Like a kid?
Speaker 2 (07:53):
Yeah? I don't even know how you would go about
asking that, Like would HR? Even though.
Speaker 1 (07:59):
I don't know, Yeah, who gets the actual policy, like
the CEO is doing it.
Speaker 2 (08:03):
Or well, there there were a few cases. One was
through a company called Win Dixie. I'm not really familiar
with what it was.
Speaker 1 (08:14):
Sounds familiar, I.
Speaker 2 (08:15):
Know it does sound really familiar, but I was just
looking at what actually like how they got caught, not
what they what the business was. I guess I should
have looked into that more. But they the reason this
dead peasant insurance got coined is because they were trading
emails back and forth, referring to these policies as dead
(08:36):
peasant email or insurance like back and forth between these
fucking corporate execs. So once again, how evil and nasty
is that? That?
Speaker 1 (08:50):
Yeah?
Speaker 2 (08:51):
You just want to I can't. I mean, I get it.
I understand that it's in human nature to have that
like money and power and just want more and more
and more, and once you start to get some, you
just want more and more and more. But man, this
is like really fucked up, right.
Speaker 1 (09:08):
Yeah, that's really bad. I mean that they're emailing each.
Speaker 2 (09:12):
Other about like joking about it, right, Yeah, that that's
what it is. It's it's like you don't even like,
don't get me wrong listeners. I work a nine to
five right now for a major corporation. I am well
aware that they do not give a fuck about me.
I get it. But at the same time, this is
a whole new level. I don't give a fuck about you.
Speaker 1 (09:34):
Yeah, this is like I don't know so much worse.
If I found that out, I would like quit, Well
can they keep?
Speaker 2 (09:41):
I mean, but that's the thing. Even if you quit,
I think they still have a life insurance policy out
on it. If they're paying for it, you know what
I mean, it's theirs their policy. So I don't think
there's like anything you as an individual can do to
get that life Like, why would you ask them to like, hey,
(10:04):
I don't want this company to pay you any more
money life insurance company. They're gonna be like, no, we're okay.
Speaker 1 (10:11):
Right, Yeah, they don't care either.
Speaker 2 (10:13):
Yeah, but yeah, it's I don't know, man, But there.
Speaker 1 (10:20):
Are a few you like prevent this.
Speaker 2 (10:23):
I I can't work for yourself, but that's not that's
well easier said than done. But I mean, yeah, we're
try working there. We're getting there. Sarah. Yeah, so let's
talk about some some notable cases. Okay, So, speaking of
major corporations Walmart ninety three into the two thousands. I
(10:46):
actually do have a case from twenty ten that we'll
get into a little bit, but just like a quick
overview of kind of what they did in that timeframe.
So they ensured over three hundred and fifty thousand full
time employees.
Speaker 1 (11:01):
Three hundred and fifty thousand.
Speaker 2 (11:03):
Three hundred and fifty thousand is unbelievable And it has
to be.
Speaker 1 (11:12):
Like someone's full time job or something.
Speaker 2 (11:15):
Right, there is someone at corporate that is literally that
is their job. They are the dead peasant farmer, or
whatever you want to call that title. They're they're picking
out the people. But see, once again, the company self
insured and named itself as the beneficiaries with no employee notice.
(11:36):
So they literally just took their information, set up a
life insurance policy for each of these individuals and didn't
give them any notice and Walmart was the sole beneficiary.
Speaker 1 (11:51):
That's so gross.
Speaker 2 (11:53):
Yeah, so internal communications once again even joked referring to
dead peasants.
Speaker 1 (12:04):
Really, that's crazy. I feel like we should someone should
be able to do a class action lawsuit or something.
Speaker 2 (12:11):
Well, there were some lawsuits that were filed and Walmart
settled multiple class action lawsuits and faced IRS challenges on
any of the tax deductions that they had, so there
was some legal recourse that happened, and ultimately they dropped
the entire practice in the mid nineties after heavy criticism.
(12:32):
But let's go to this originally published article on May seven,
twenty ten.
Speaker 1 (12:43):
That's great.
Speaker 2 (12:46):
Walmart got money when one hundred and thirty two Florida,
Florida employees enrolled in a corporate owned life insurance program
that had ended up and it ended up dying, and
Walmart had collected that money. So once again they used
a loophole. Yes, they're not allowed to do it without
your quote unquote consent, but that's not really you consenting.
(13:11):
It's more of like, hey, we have this program where
it helps it helps us give benefits and different things
like that. Really what it was was the company names
itself the beneficiary on policies that were bought in the
name of the rank and file employees. Walmart said they
stopped this practice in two thousand.
Speaker 1 (13:34):
Yeah, okay, you can't trust any corporation saying oh, we're
not doing it anymore, like right.
Speaker 2 (13:43):
Aleen Moss, she represented Walmart. She said it had paid
more than fifteen million to settle class action dead peasant
suits in Texas Oklahoma, but in Florida, she argued the
law was on Walmart's side. So in two other states
they had already dude, Like, that's what I'm talking about.
(14:04):
And this was in this is an article published in
twenty ten. Right, So they supposedly stopped, according to you know,
one source, in the nineties, and then in this they
supposedly stopped in the two thousands, and then here we
are in twenty ten hearing the same shit again. So
(14:25):
you think for a second they fucking stopped. No, they're
just finding other fucking loopholes. Like and that's the other thing,
Like I can't imagine, and I don't even me wrong,
I understand there are defense lawyers for everything, you know,
people that do heinous acts, and there are people appointed
(14:46):
in place to give them their day in court because
that is their right they get a fair trial. It's
already been proven in two other states, right, Like, yeah, prove.
Speaker 1 (15:00):
It in all fifty states.
Speaker 2 (15:02):
Well I suppose that's true. But I mean once again
to say that, oh, we don't do this no more,
Oh we don't.
Speaker 1 (15:08):
Right, yeah, no, no, no, no, no, not in this state.
Speaker 2 (15:11):
Not in this state.
Speaker 1 (15:12):
No, we don't do in this state.
Speaker 2 (15:13):
Walmart would never do this in Florida, right, not again,
not again, not again. We stopped in the nineties, Remember,
we don't do this anyway. What I but what I
can't get over is the three hundred and fifty thousand
employees between ninety three and two thousand, Like that is insane.
Speaker 1 (15:33):
That is insane. I feel like that's more than one
person's jaw.
Speaker 2 (15:36):
Then, Like I mean, I should have been more prepared.
Let me see what a typical life insurance policy would
probably pay out. I don't know for sure. I'm not
going to sit here and google it. It's not good podcasting,
but I'm going to assume anywhere from two hundred and
fifty to five hundred thousand dollars. You think that's probably
a yeah, a pretty good range of most life insurance policies, probably, yeah.
(16:00):
So you're looking at a billion dollars industry that you
can get just off of ensuring these fucking people. And honestly,
do you think the monthly payment you have to pay
for that life insurance policy is putting a dent in
these major corporations.
Speaker 3 (16:18):
Open Amazon's got to be doing it too, one hundred percent.
Speaker 2 (16:21):
Everybody's got to be doing it. If one person is,
everybody is, because these people all talk, they all, you know.
I don't know. So there was another one, I'm not
I'm not familiar with either one of these companies, Camelot
Music and Philippe B. Tillman Philipe Tillman, not sure.
Speaker 1 (16:42):
I don't know.
Speaker 2 (16:44):
They ensured only fourteen hundred full time and collected around
three hundred and forty thousand dollars off of that fourteen hundred.
So if you're looking at the difference between fourteen thousand,
fourteen hundred, I'm sorry and three hundred and fifty fucking thousand,
(17:05):
that's a shit ton of money. Shit ton of money
that these people are making. The only thing was this
was one of those though I guess Philippe Tillman was
one of the key staff, so I think it was
set up in the case the invent event of his death.
(17:29):
So I think there was originally with that company at least,
like hey, we gotta we got to ensure this dude,
just in case, you know, we don't want the company
to go under. But then I think, you know, they
started getting greedy with that you know, extra fourteen one
hundred employees. But in that case, his estate actually sued
(17:53):
under Oklahoma law under insurable interest. I'm not sure exactly
what that was, but apparently they had a concealed policy
that he didn't know about. So it was one of
those where he didn't even know what was happening.
Speaker 1 (18:05):
Oh wow, that's crazy. So what like the board did
it or something.
Speaker 2 (18:10):
I'm assuming whoever, like the stockholders or the board of
directors or whatever. I'm not familiar with the Camelot Music
I'm not sure what that is, but the Tenth Circuit
found that Camelot Music did have an ensurable interest because
(18:31):
it invested in its employees. Quote unquote, This just pisses
me off, dude, That's what I'm saying. Bullshit. Yeah, like
what the hell, because you know, you know, like I
don't care what anybody says, and working for some of
(18:53):
these corporations is just fine. I'm not talking shit. If
you're an employee that works for one of these corporations,
I am talking shit. If you're one of these corporate
executives that is fucking still doing this shit, that is
one hundred percent what I'm doing. Because yeah, there are
plenty of corporations. Like I said, I work for a
major corporation and they pay me enough to you know,
have a home and provide for my family. Awesome. But
(19:19):
I also understand that this shit happens so frequently now
that I've actually dug into, like like this is one
of those like where I thought it was just a
conspiracy theory or I thought it was just somebody being
a weirdo. And the more and more and more I
started digging into it, I was like, what in the
actual fuck is happening? Like there is no way.
Speaker 1 (19:42):
And it's everywhere everywhere.
Speaker 2 (19:44):
It has to be. It has to be.
Speaker 1 (19:48):
You know, I'm going to ask, how do I ask?
I gotta talk to the CEO, be like listen here, man.
Speaker 2 (19:54):
Yeah, hey, I need to know right now if I
have any corporate owned life insurance policies out on me
out Yeah.
Speaker 1 (20:03):
Well, I mean I doubt I don't know. My company
is the only you know that, Like, I don't how
many is there, like fourteen thousand employees, Like they could
have an every single person they could they very well,
I don't know if they would. I guess, like you said,
they're probably targeting well the longer you're gonna lives. May
(20:24):
they only go after older people or I think they
don't have to pay forever on someone's.
Speaker 2 (20:29):
Well, but are you really paying that long? And people
die every day, you know what I mean, because it
doesn't matter how you die, It just matters you die.
I mean, oh my god. And then they kill you, dude,
I'm telling you, I'm fucking telling you.
Speaker 1 (20:47):
Can they overwork you until you have a heart attack
at your desk.
Speaker 2 (20:53):
It's all part of the plan, all the stress and
all the bullshit, all the fucking right. Hey, you did
a really great job, but it's just not quite good enough.
We need you to try harder, right, you know, we
need to move We need to move the needle. Okay,
all yeah, constantly going forward. Okay, our bottom line.
Speaker 1 (21:11):
Continuously grow, even though that's literally impossible. Well, it can't
ever have a bad day. Yeah, to continuously be one
person better every day.
Speaker 2 (21:24):
Yeah. Well, there is a other notable case. I kind
of touched on it at the beginning when Dixie and
now Chemical they made similar mass corporate and life insurance purchases.
Some of these companies, though, like when Dixie I believe
(21:45):
dropped the practice under pressure from like you know, any
sort of legal issue and stuff like that. So I
think it was one of those where they were like, hey,
it's a good idea, and they started getting caught and
they're like, ooh.
Speaker 1 (21:57):
Aren't they the cups?
Speaker 2 (21:58):
Thank you?
Speaker 1 (21:59):
Thank you.
Speaker 2 (22:00):
Yeah, that's what I thought. That's what I thought. I
could not remember. Thank you. That helps me out so much,
thank you. But anyway, a cup company, well, I mean,
how many people make those fucking cops? I know?
Speaker 1 (22:16):
Yeah, in dangerous factories too.
Speaker 2 (22:20):
Yeah, But the thing is, well, I mean, I guess
they're all relatively dangerous to some extent. If you're working
in any sort of factory, even if it's like a
high tech Amazon, you know, distribution center or something, you're
probably still at risk for something. But they really caved
(22:41):
under pressure the Wind Dixie and the Dow Chemical under
Banks and other insurers. They started filing like those people
started actually filing lawsuits arguing that they misused employees' identity
and they kept getting presented questions about, you know, their
consent with any of the cat that was being you know,
(23:01):
gone through. So that was a little bit better, but
I think that was a pretty early case. Like in
the with the Wind Dixie. I want to say it
was pretty early, like in the late eighties or nineties,
so it might have been one of those like, hey,
we're not using this for employees, We're using this for
you know, high up corporate level executives and stuff like that.
(23:26):
So let's talk about a little bit of this, uh
legal and ethical implication. Yeah, is it, Sarah? Do you
think it's legal?
Speaker 1 (23:38):
I would say there's probably not a lot against it.
Speaker 2 (23:42):
Supposedly it has been illegal since two thousand and six,
but we've just proven that wrong. With that supposedly but uh,
like federally, I believe so because it's it was imposed
by the pen Act of two thousand and six, So
I'm assuming, yes, it is a federal thing. I don't
(24:05):
think it's a state by state thing. But yet that
article that I brought up in twenty ten proves that otherwise. Wow.
So yes, well that's what I'm saying, saying a law, Yeah,
there's a law. There is a law, and like I said,
it is the Pension Protection Act of two thousand and six.
(24:28):
It imposed a couple of rules. Employees must receive written
notice of any policies put in their name. They must
also give written consent even after they've been terminated, if
anything is put in their name, they have to sign
a copy saying, yes, I consent to you having blah
(24:49):
blah blah blah blah. And the coverage is restricted to
top out at thirty five percent, so they're not even
going to get the full policy. If somebody were to
pass away, you're going to get thirty five percent of that,
you know. So practically these companies have to be quote
unquote transparent. But this that act did help out a
(25:15):
lot because it kind of marked the end of like
the secretive side of it, you know what I mean.
The problem is there's a lot of loopholes that we
talked about, you know, like we have these things where
they're not called corporate owned life insurance. It's called like
the associate Benefit program or the you know any name.
(25:39):
They can come up with it saying that like, oh, yeah,
well this money is going into this and you have
to sign up because this is going to go to
help whatever for, you know what I mean. And then
so right off the bat, you're signing something. So we
checked one of the boxes. You've received a written notice
that you signed, and the only thing that we can't
(26:01):
confirm is that the coverage is restricted to top thirty
five percent. So they've already checked that. They've already checked
two with the blocks off of the Pension Projecting Act.
If they do something like that, you know what I mean,
they don't have.
Speaker 1 (26:17):
To call it the corporate owned life insurance.
Speaker 2 (26:21):
Though. Well, I hate to sound conspiratorial, Sarah, but the
federal government probably doesn't really give a shit because they're
probably getting some money from this too, if we're being
if we're being real, they probably.
Speaker 1 (26:34):
Have a policy on every single Americ person.
Speaker 2 (26:37):
Probably in all honesty. Well, see, and this is the
funny thing. This is the this is the episode. It's
going to get a shut down, Sarah, because we're exposed
to the wise not talking about Bigfoot or not talking
about aliens. You know this next thing, you know, we're
going to get a knock at the door and be like, hey,
you can't can't be telling nobody about this. We need
(27:00):
you to shut up or you're going to be buried
in the desert somewhere. So there was a lot of
public reaction and surprise from finding out about this. The
actual term dead Peasant hit the public. Everybody loves Michael Moore.
(27:25):
He had a movie Capitalism, a love story in reference
to Walmart's corporate life incertance policies. So that was like
really the first time I think people kind of started
to hear about this. I don't think though, that people
really paid a whole lot of mind to it, because
(27:47):
he was a pretty prolific figure. Like you either like
loved him or hated him, and it was like fifty percent,
you know what I mean. Yeah, so a lot of
people were probably sitting there like, oh, Michael Moore, I'm good,
you know what I mean, or they were like, hell, yeah,
this guy's on it, you know what I mean. And
that's usually how it seems with most of these like
real world conspiracy theories that actually happen, you know, right, Yeah, you.
Speaker 1 (28:13):
Either totally believe it or you don't at all.
Speaker 2 (28:15):
Yeah, but like the birds, Hey, the birds aren't fucking real, man,
Those fucking ostriches are goddamn What are those uh at
eights from? Uh no? Is that's not right? What's the
damn Oh the Chicken Walker from Star Wars, that's what
they are are. Yeah, that's true. Hey, listeners, if you're
(28:38):
not familiar with what we're talking about, scroll down a
little bit and check out the Birds Aren't Real episode.
It's pretty hilarious. Ye, but that was really the first
time that that dead peasant term got used, and it
was the first time that like, families started realizing that
deceased employees had policies taken out on them. You know,
(28:59):
you start to see documentaries like that, they would have
no idea that their loved ones were insured, you know,
through corporate offers, and a lot of these people felt
like it was owed to them and their family, not
to the fucking corporation. But then you get into the
slippery slope of like, well, you didn't pay for the
(29:21):
life insurance policy, Like you're not the beneficiary, you know,
if you paid for a life insurance policy, let's say
on them on the big end of I don't know,
they had an older employee that was maybe forty five
fifty and they had to pay on it for fifteen
years and he died.
Speaker 1 (29:40):
Well, you know, right, they did put the money into it, right,
they did.
Speaker 2 (29:45):
Put the money into it. But it's still very very,
very very unethical because the families actually used that life
insurance policy for any sort of funeral arrangements, any sort
of unused debt that the decease might have. You know,
there's multiple different things that you have to have in
(30:06):
place when a loved one dies. You know, it's not
just like you're not just it's not like these guys
where you know, it's like, oh man, you know, somebody died.
Now I've got to you know, I'm going to get
five hundred thousand dollars for a life insurance policy. I'm
not making money. I'm using it all for every funeral expense,
every debt or whatever the individual had. These motherfuckers are
(30:29):
just putting in their pocket.
Speaker 1 (30:31):
You know, it's just pure profit. That's what pisses me off.
Speaker 2 (30:35):
Yeah, tax free, pure profit. Well, and see that's the
thing is it gets into that like it's a really
shitty Well I'll take that back. I'll play Devil's out
of it for a second. It's always good because I
think ambition is like one of those double edged swords
(30:55):
of human quality, because without ambition, no nothing gets done.
But ambition going out of control is what makes this
fucking should happen. Right, Yeah, you know what I mean.
It's like the it's like the old emperors of Rome,
you know what I mean, Like they would they would
just go and fucking wrex shop just because they wanted
to have a war under their belt, you know, just
(31:17):
out of nowhere. Oh yeah, my grandpa did this, and now,
uh there's nobody to fight, so hey, let's just go
fuck that village up real quick. So I can, you know,
say I did something, you know what I mean? And unfortunately,
I think with a lot of human characteristics, you have
extremes on both sides, you know, and you have this
sort of greed and ambition at people at these top
(31:39):
levels of these companies that there's never enough.
Speaker 1 (31:43):
You know.
Speaker 2 (31:43):
You you can't say that they already have enough, because
I mean, yeah, you can think that, but they're never
gonna think that. They're always going to be wanting more
and more and more, and they don't care how to
how they get it right.
Speaker 1 (31:57):
Yeah, they don't care. And they think they're like invincible,
well like some of them when you get so high
up there, well to.
Speaker 2 (32:06):
Some extent, they really are. I mean you got to
think how many friends they have, how many you know,
how many judges are they friends with? How many federal employees,
how many federal you know, representatives are they friends? You
know what I mean?
Speaker 1 (32:18):
Like yeah, politicians and yeah, yeah, it.
Speaker 2 (32:22):
Gets to that point where you know the dirty part
about politics of the whole, like, oh you scratch my back,
I'll scratch your back. Well, who's paying for these politicians
to do these things? It's corporations. It's yeh, non government
organizations that are giving out these ridiculous amounts of money
to do certain things. And I think this is just
(32:44):
like the tip of the iceberg of how they get
some of that cash.
Speaker 1 (32:47):
Right, yeah, and they're using cash from us, from people dying, yeah,
to fund this bullshit.
Speaker 2 (32:57):
Well, and that's that's what I think freaks me out
more than anything, because like the first few ones we
talked are the second few ones we talked about, you know,
like the Camot music and you know, the wind Dixie stuff,
Like we're talking a few thousand people, not not a
whole lot. You know, it's it's nothing crazy. And how
(33:19):
when Dixie even you know, stopped it. So good on
them for you know, being a piece of shit at first,
but at least supposedly stopping it. But that one from
Walmart with the three hundred and fifty thousand employees that
like blew me.
Speaker 1 (33:35):
Away, that's insane.
Speaker 3 (33:38):
I mean, how many now do they have like the
it's got to be it's got to be at least that.
If not more, I would assume more, you know, I
would think more. And and the worst part about it
is Walmart is everywhere? How many people you know work
(34:01):
at Walmart? How like across because Walmart even goes across
you know, international, you have Walmart's in other countries, but
just in.
Speaker 2 (34:11):
The United States, there has to be millions of people
that work for Walmart or have worked for them or yeah,
or have like And that's the thing that kind of
freaked me out even more. It's like, even if you
don't work for the companymore, if they pull a life
insurance policy out on you, there's no way you're going
to know. There's You're just they're just going to have it.
(34:34):
And all they're waiting for you is to get in
a car accident, fall down somewhere, have a heart attack,
and next thing you know, they're getting, you know, hundreds
of thousands of dollars for your death tax free. So
I don't know, man, It's one of those that like
really freaked me out. I really want to watch that
Michael Moore documentary on it to kind of get a
(34:57):
little bit more information. I didn't have the time to
actually get to it, but I feel like I'm not.
I like, wasn't a huge fan of him, and I
don't think I really am either. I don't know who
he is. Okay, he's the guy that did the what
was that big one he did, Fahrenheit nine eleven.
Speaker 1 (35:18):
I don't I don't think I watched that.
Speaker 2 (35:20):
Yeah, yeah, it's it's pretty good. I will to his credit,
he is a very he is very good at getting
a lot of information, but he is extremely biased. That's
the only thing I kind of I don't like about it.
It's at least in my opinion. Now listeners, you might
not think the same, but it's my opinion. I'm entitled
(35:41):
to it.
Speaker 1 (35:42):
So so.
Speaker 2 (35:46):
Just to kind of do a little bit of a
recap the corporate and life insurance or dead pasant insurance,
let's corporations ensure and profit off employee. That's mostly tar
getting lower level employees such as cashiers, janitors, people that
have known health conditions that are morbidly obese. Like, I
(36:09):
think that's what freaks me out more than anything, is
like deliberate targeting, right, Yeah, especially.
Speaker 1 (36:17):
The lowest people like you. You're paying them the worst
typically like, and you're going to make profit off of
their death, and you're targeting people who are going to
die sooner, so you don't have to pay as much.
Speaker 2 (36:30):
Like yeah, yeah, pay them.
Speaker 1 (36:32):
More at least than or something. I don't know.
Speaker 2 (36:35):
Bad. I don't think paying them anymore for doing bullshit
like this would be any better. I think you should
just not fucking do that. But that's is in my opinion.
Speaker 1 (36:45):
Yeah, I don't think you should be able to do that.
Speaker 2 (36:48):
You definitely like at all.
Speaker 1 (36:49):
I don't, not even with consent, like, not at all.
Speaker 2 (36:52):
Well, it'd be one thing if there was a purpose
behind it. There is zero purpose behind it. Like me,
having life insurance on a loved one makes sense. I
will not have the money, most likely in the event
of somebody's untimely death, to pay for everything. I won't.
(37:14):
I don't think most people do. But if I have
life insurance, I'm covered. I will not go into debt.
I will not have to take out some crazy, stupid
high interest loan to pay for a funeral. I won't
have to make payments on it. You know what I mean.
I've been paying the life insurance policy for how many years?
And I'm good. This is just like I said earlier,
(37:38):
just profit, you know, hedging bets, risk reward. Like I
guarantee you there there's been corporate meetings, probably hundreds of
thousands of them, of some dude up there with a
fucking pie chart and a spreadsheet and aven diagram talking
about who we need to you know, start in pulling
(37:58):
these corporate life insurance policies out on I guarantee you
plenty of meetings that have gone on like that and
probably still do yeah, probably yeah. And the bad thing
about it, just to recap again, and I don't know
how they would go about this, but listeners of the show,
(38:18):
if you are listening to this, the legal loopholes and
the smart accounting from these companies are what makes it profitable.
So like, don't just sign your name to something if
you start a new fucking job, like, actually read it,
even if it's fifteen pages fucking long, you know what
I mean. And to be fair, I'm one hundred percent
(38:41):
guilty of that, but I'm not reading this fucking shit
cool whatever. You know, I could very well have a
couple of life insurance policies out on me for different corporations.
You know what I mean?
Speaker 1 (38:52):
Right, Yeah, Yeah, I could too. Yeah, so I demand
to see what I signed. I could look at again.
Speaker 2 (39:01):
Well, well, see, that's the thing I'm trying to figure out.
And I'm sure it's company by company, but I'm sure
that you can do that very easily. But you just
got to know what to ask for, you know what
I mean. I'm gonna be honest with you. I've been
thinking about it for a while as trying to figure
out the best way to word it to my HR
team be like, Hey, what's up with that corporate life
(39:25):
insurance on me? She motherfucker's doing Yeah.
Speaker 1 (39:30):
So yeah, just like that.
Speaker 2 (39:34):
I have a couple of theories, and we kind of
already talked about a few of these as to why
this is kind of ongoing, because it's clearly is. I
don't think it's something that's stopped in two thousand and
six with the Pitch and Protection Act. I don't think
that stopped it at all. They just found different loopholes
(39:57):
ticket around it. First one, we kind of already talked
about people in these positions of power, they just want
more money, they want more power, and they want more influence.
That's an easy way to get a super cash grab
tax free money in my pocket. You know, that one
really kind of makes the most sense to me. And
(40:17):
we kind of touched on the second one that I
have of a little bit more nefarious things, because like
these companies do go to these fundraisers for a lot
of these federal employees, a lot of these political figures,
a lot of you know, government organizations and stuff like that,
(40:38):
because you know, money talks, and the more that you
give a certain person or a certain party. I'm not
trying to get political. I don't care which way people
lean here, but these corporations paying people money will influence
their decision making at one hundred percent, will do that
regardless of your political affiliation, regardless, And that one I
(41:02):
think the first. I think those two kind of go
hand in hand. I think that's I kind of split
them up into two different theories, but I really really
think that's what it is. I think that's what people
are doing this for more than anything.
Speaker 1 (41:18):
Yeah, I mean I think that makes sense. Just might
as well get more money where you can. They always
have to show a profit too, I mean, does this
get in there like what's it called, like their call
like the earnings call. Well, so here's things like under
(41:39):
the table.
Speaker 2 (41:41):
Here's the thing. These policies do not have to be
taken out by the company. They can be taken out
by individuals.
Speaker 1 (41:55):
Even if it's made out to like Walmart.
Speaker 2 (41:57):
Then I don't I don't think it's that cut. And
I think what's happening here. I think that does happen too.
And I'm sure there is some sort of like profit
loss document that they go over that is trackable and
stuff like that, but I've never seen it outright said.
(42:19):
But one of the sentences that got me when I
was first doing this is anyone can pull life insurance
policy on anybody as long as they have that information.
So to go a little bit conspiratorial here if individuals
at the corporate director VP level, individuals are just taking
(42:43):
at a life insurance policy, not through the company, but
they're in colluding together in groups to make money. That
makes a lot of sense too. They're not doing it
through the corporation, you know. I feel like it would
be a little I don't know what the legal ramification
(43:05):
would be, because once again, if you have the information,
you can do it. But I feel like it's a
lot more I moral to do it individually than through
a faceless company, you know what I mean, because that
means you're one hundred percent just in it for the profit. Yeah,
and then the last thing that was I'm happy you
kind of kind of touched on it in the beginning
(43:25):
of the episode. I mean, what would stop these people
if they wanted to in your life early? You know
what I mean? If they're like, man, we've been paying
on this motherfucker for fifteen years. Doesn't die. Hey, Larry
(43:45):
go out to his car, cut his brake lines, you
know what I mean.
Speaker 1 (43:49):
Yeah, let's stage an accident, but then they should pay
the accidental debt at work or whatever.
Speaker 2 (43:57):
Well, what if it's not a work That's that's what
I'm getting into. Yeah, right, that's that's the part that
I don't think the listeners. I don't think people are
going out and putting hits out on people. I'm just
being conspiratorial here. Okay, this is the fun part of
the episode where we talk shit. Okay, this is not
(44:17):
something I truly believe. I want to put that out
there right now. But if I happen to diet and
kill myself, Okay, get that out of their too.
Speaker 1 (44:25):
Me too, same thing here, zero zero.
Speaker 2 (44:29):
Nobody on this episode between Sarah and I have any
plans of ending our life, I promise, So if it happens, yeah,
you can go talk to these major corporations anyway.
Speaker 1 (44:39):
Yeah.
Speaker 2 (44:40):
But at the same time, you know, these people, like
you said, they think they're invincible, They think they can
do whatever the fuck they want because they have been
doing whatever the fuck they want. There could be a
meeting work stage. It's like, Hey, Larry Man, we've been
paying on this dude for fifteen years. I need something
to happen to him, make it look like an accident. Oh,
(45:02):
don't worry, man, I got a dude named Robbi. He
does this all the time.
Speaker 1 (45:05):
Boom, you know, I mean, stranger things, stranger things have happened.
So that's not like that crazy, it's not.
Speaker 2 (45:15):
And you got to think when we did the episode
on Victoria Goodwin, she was only going to pay that
hit man like twelve thousand dollars, right, Yeah, So clearly,
clearly it's super cheap to hire a hitman, right the
company is going to make hundreds of thousands of dollars.
(45:36):
What's ten thousand to hire some random dude? You know what?
I mean like, I was sitting thinking about this last
night at work, and I was just like, there are
so many goddamn rabbit holes I could go down with
this right now as to why they would fucking do
this and how they would do this. This is not
like it was freaking me out, and I was just
like the fact that there would be there's O zero
(46:00):
empathy that they don't give a fuck based on what
we've seen here just from polling out these insurance policies,
there is no reason why these people would not just
be like, yeah, I'm done paying for this, Go get
GOGA rid of them. Stage accident time to cash. Yeah yeah,
actually better yet, we've got two of our employees that
are going across the country on vacation this week. Go
(46:22):
ahead and take do it two for one, you know
what I mean? Yeah, so, because I mean, I hate
to say it, but you know, people die every single day,
and most of the time it just is something that happens,
you know what I mean, You have a car accident,
you fall and hit your head. Like I'm not saying
(46:42):
that it's easy to murder someone or put a hit
out on somebody, but it's people are still being investigated
for murders that they cannot find the murderer. So yeah,
I don't think it's impossible to get away with it either,
so right.
Speaker 1 (47:00):
Yeah, I don't know.
Speaker 2 (47:01):
They have more resources to a lot more resources, a
lot more power, a lot more influence, a lot more money.
I feel like it's not that big of a deal.
Speaker 1 (47:12):
No, we're just cattle.
Speaker 2 (47:16):
Hundred percent for the Oh my god, sorry to rude
your day, Sarah.
Speaker 1 (47:22):
Yeah, now I'm gonna be sitting thinking at night.
Speaker 2 (47:27):
It's bad, man, dude, I'm telling you, listeners, full disclosion.
We talked a little bit last week about this, and
Sarah was kind of fucking laughing about it. And I
think one of the reasons why you're not so chatty
is because you're pissed off about it.
Speaker 1 (47:40):
I wanted to know, like, no, I see the reality.
Oh my god, this is probably everywhere I got tuck
to me.
Speaker 2 (47:51):
Right, Listeners, respectfully and smartly go about talking about this,
you know what I mean? Because you know you might
land in some hot water with some.
Speaker 1 (48:03):
If you ask too much.
Speaker 2 (48:06):
Yeah, and once again, or best case scenario, more likely scenario,
they'll just fire you and still have life insurance policy
on you. Yeah, that's true, So nothing you do about it.
Speaker 1 (48:19):
No, I'm going to break into their files and delete it.
Speaker 2 (48:23):
Let's not do that.
Speaker 1 (48:25):
No, I don't have the resources for that. I'm not
a corporation.
Speaker 2 (48:28):
I don't. I can't do things like that. Well, same
as same as last week episode or with the dream
or not with dreams. When we were talking about, you know,
any of the go fund me because Sarah likes I
liked it with the dream one where you said we
need to go fund me for ice cream and any dairy.
That way you can get some more set up as
(48:49):
a go fund me, so we can become a major
corporation and pull life insurance policies out on all of
you guys, because that's you know what you do.
Speaker 1 (48:55):
So yeah, yeah, I'll do it on the CEOs of
the other companies. That's what we'll do.
Speaker 2 (49:05):
Yeah, I'm not gonna do that.
Speaker 1 (49:07):
But oh yeah, we don't have their information.
Speaker 2 (49:11):
We could probably get it, but yeah, not worth it. Yeah,
So anybody listening to this, we're totally joking. Towards the
end of this word, We're we're not planning on doing
anything anywhere close to what these fucking assholes are doing.
We're just talking.
Speaker 1 (49:25):
About our money. Yeah, court desire.
Speaker 2 (49:29):
We are just two experts on a podcast talking about
stuff we don't kind of know about. That's the best
way I'm gonna put Yeah, just make it sound like good. Yeah. Hey,
confidence is better than confidence, right.
Speaker 1 (49:44):
Yeah.
Speaker 2 (49:47):
Anyway, listeners, that's going to wrap up the Dead Peasants episode.
I hope you guys enjoyed it as per usual. Uh
whatever you're listening to this on, give it a like,
give it a share. If you're listening to this on iTunes, Spotify, whatever,
be sure to writer's review anywhere else you're seeing this
interact with it any way. You can check out the
(50:08):
Patreon Paranoid Perspective podcast forward slash Patreon dot com got
some extra perks over there for you guys as well.
Speaker 1 (50:15):
And as always, remember just because your paranoid doesn't mean
they're not watching. See you next time on the Paranoid
perspect
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