This is not the first time Congress has taken a hard look at corporate-owned life insurance.

Corporate-owned life insurance policies have saved companies billions of dollars in taxes.

However, sales of both life reinsurance and bank- and corporate-owned life insurance in the Americas were lower.

In addition, corporate-owned life insurance, single premium buyouts and the use of excess pension funds offer companies opportunities for funding their liabilities.

The tax bill approved last week by the House Ways and Means Committee could do away with a little-known practice known as corporate-owned life insurance.

The appeal of corporate-owned life insurance is not much different from the appeal of ordinary whole-life policies sold to individuals.

Corporate-Owned Life Insurance 40.

Until the mid-1990s, Walmart took out corporate-owned life insurance policies on its employees including "low-level" employees such as janitors, cashiers, and stockers.

The Houston-based company also said it saw a $45 million fall in the cash surrender value of its corporate-owned life insurance investments during the second quarter through November.

For more than 30 years, our team has serviced some of the industry's largest blocks of corporate-owned life insurance, annuities, life settlements and life-linked securitizations.

Given that the company's core businesses - group life insurance and so-called corporate-owned life insurance - is solidly profitable, the executives hope the money can be raised.

In the quarter ended Sept 27, expenses rose partly due to changes in the cash surrender value of corporate-owned life insurance and increased company-sponsored pension expenses.

Winn-Dixie's corporate-owned life insurance program is "a sham for tax purposes," Judge Robert P. Ruwe wrote in a strongly worded 81-page opinion reported yesterday.

Earlier this year, the Internal Revenue Service began investigating the corporate-owned life insurance plans at more than a dozen companies, including Procter and Gamble and Dow Chemical.

They include imposing Medicare taxes on state and local employees, taxing undistributed investment income on some annuities and disallowing interest deductions for loans on corporate-owned life insurance policies.

Clark is a public company specializing in the sale of corporate-owned life insurance (COLI) and bank-owned life insurance (BOLI) and other benefit programs.

Corporate-owned life insurance (COLI), is life insurance on employees' lives that is owned by the employer, with benefits payable either to the employer or directly to the employee's families.

Operating expenses grew $9.5 million, hurt by changes in the cash surrender value of corporate-owned life insurance, a charge for withdrawal from one of Sysco's multi-employer pension plans and increased company-sponsored pension expense.

This applies to the deceased, but where there are two or more shareholders and corporate-owned life insurance is required to fund a stock purchase agreement, one must determine the value of the policies held by the corporation on the other shareholders.

CALU membership includes many of Canada's foremost practitioners in such fields as Estate Planning, Retirement Planning, Executive Compensation, Corporate-Owned Life Insurance, Charitable Giving and Employee Benefits.

Total domestic Individual Insurance sales for SLF U.S. decreased 46% primarily due to a high volume of corporate-owned life insurance sales in the fourth quarter of 2009 and the exit from the no-lapse guarantee universal life business.

Topics covered include Wall Street's "casino mentality", for-profit prisons, Goldman Sachs' influence in Washington, D.C., the poverty-level wages of many workers, the large wave of home foreclosures, corporate-owned life insurance, and the consequences of "runaway greed".

Under the indemnity reinsurance agreement, certain United States non-participating corporate-owned life insurance policies of The Great-West Life Assurance Company will be reinsured by coinsurance with Great-West Life & Annuity Insurance Company.

As announced in December 2010, AEGON decided to discontinue new sales of executive non-qualified benefit plans and related small bank Bank-Owned and Corporate-Owned Life Insurance (BOLI/COLI) business in the United States.

Several companies that rely on corporate-owned life insurance declined to discuss their arrangements in detail, but insurance executives said the plans - because of their tax advantage - are a much cheaper way to pay for long-term obligations like medical benefits than the normal alternatives, like investments in bonds.

Pejorative names for the practice include janitor's insurance and dead peasants insurance.

The practice, sometimes called "janitor's insurance", involve a bank or corporation insuring large numbers of its employees under the life insurance policy and naming itself as the beneficiary of the policy, not the dependents of the people insured.

Pejorative names for the practice include janitor's insurance and dead peasants insurance.

Dead Peasants Insurance.

Critics derided Walmart as buying what they called "Dead Peasants Insurance" or "Janitor Insurance."

In January 2003, Rep. Simpson introduced legislation to regulate the practice referred to as "dead peasants insurance" whereby corporations purchased life insurance on employees without that employee's knowledge or consent.

The bulk of the information in the section on Dead Peasants Insurance, as was noted in the text, comes from the great work of Ellen E. Schultz and Theo Francis.

I truly believe that when they find out about tricks like dead peasants insurance and the senior death discount, when they learn what this latest tax cut has cost them in the form of reduced services and higher local taxes, they will wise up and be mad, very mad.