Complaint Review: WalMart - Bentonville Arkansas
- WalMart Bentonville Bentonville, Arkansas U.S.A.
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- Category: Supermarkets
Wal-Mart insurance rip off Bentonville Arkansas
*UPDATE Employee: Walmart Life Insurance
Repungent Practice - Walmart takes out insurance polices on low level workers and collects cash when they die! SHAME ON YOU WAL-MART
Hzl
Springfield, Missouri
U.S.A.
This report was posted on Ripoff Report on 03/11/2004 09:14 PM and is a permanent record located here: https://www.ripoffreport.com/reports/walmart/bentonville-arkansas/wal-mart-insurance-rip-off-bentonville-arkansas-83592. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 UPDATE Employee
Walmart Life Insurance
AUTHOR: Jay - (U.S.A.)
SUBMITTED: Friday, March 12, 2004
True, Walmart has a policy on my life, and the life of each employee in the company. They pay for a life insurance policy that matches our annual incomes, at no cost to us. Before you blow your tops over this, you might want to know that Walmart is only one of many companies that do this, and it is perfectly legal.
Yeah, we do sort of resent it, but then again, they are paying for a policy that pays my spouse if something happens to me. They, and all the other companies that do this use the rationale that it takes a certain amount of money to replace the employee...training, etc. The only bright spot is that should something happen to me, they are going to spend a heck of a lot more replacing me than they have me insured for.
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