Thanks to 1_more_1nce in ljdemocrats for this information.
"Jane Sims always knew her husband was a valuable employee to Wal-Mart. She just didn't know how valuable.
Sims discovered recently that Wal-Mart, the company her husband, Douglas, worked for before he died, had taken out a life insurance policy in his name.
When Douglas Sims died in 1998 of a sudden heart attack, Wal-Mart received about $64,000. She got nothing from that policy.
'I never dreamed that they could profit from my husband's death,' said Sims, whose husband worked in receiving at Wal-Mart's distribution center in Plainview for 11 years.
Companies routinely take out secret life insurance policies on the lives of their low-level employees and collect thousands of dollars when they die. The families never know the policies are in place and typically receive none of the money."
"In a chilling reversal of Henry Ford's strategy, which was to pay his workers amply so they could buy Ford cars, Wal-Mart's stingy compensation policies--workers make, on average, just over $8 an hour, and if they want health insurance, they must pay more than a third of the premium--contribute to an economy in which, increasingly, workers can only afford to shop at Wal-Mart."