Portion of Capitalism: Dead Peasants Life Insurance

In this part of the movie, a woman named "Ima Johnson" explained that her husband had guaranteed money for 1.5 million dollars before his death (ABC News). Money was paid by the employer, his wife left a large funeral expenses, and her and her family unfortunately lost comfort. Losing the family of these loved ones in the movie is a great job for Moore. Because the audience can see the pain and injuries and how these people are used by the employer.

This is two shocking revelations from Moore's production. The first one is actually called "dead farmer insurance". Do you know that a company can employ life insurance policies for their employees so that they can benefit after we die? This is a form of employee insurance that they have no problem. The company usually does not tell the surviving spouse the money gained from death. The second is reckless and ethical gambling known as a "derivative". I have read derivations very complicatedly, they are created by computers, and even software authors do not understand them. Mr. Moore asked three experts for explanation. All three failed. Basically, they involve betting, for example, we do a default mortgage. If you do this, your bet will be rewarded. What if it does not do so? Investors can hedge their bets by betting they fail. They want a favorable situation for each other

This movie is undoubtedly shocking. In the early days, Moore proposed the meaning of "dead farmers" insurance. Wal-Mart, a company that earns more than any company in the world, is betting on the death of its workers without their knowledge and without approval, and they are purchasing life insurance for 350,000 workshop workers I understood it. When one of them died, Wal-Mart requested this policy. Families of dead workers often struggle with expensive funeral expenses, without spending pennies, which can amount to more than 1 million dollars (622,000 pounds). Wal-Mart continues a lot of things. If a worker dies, the company gains a profit

Another controversial investment is cash value life insurance. This type of insurance not only pays your beneficiary death benefit (such as term life insurance policy) when you die, it also accumulates value through the investment portion of your payment. Lifetime insurance and universal life insurance are life insurance with cash value. Regular life insurance is a cheaper option, but it only covers your death. One of the greatest benefits of using cash value life insurance is that you can borrow cumulative value not only through your life but also without income tax. Life insurance with cash value is not for everyone, but it is a wise way to pass some value to your heir without being taxed to either party.