A Great Place to Work


| September/October 2002

The Wal-Mart employee benefits package includes life insurance-but not the sort you might imagine. As Jim Hightower reports in the Austin Chronicle (May 24, 2002), the mega-retailer has taken out life insurance on some 350,000 of its employees, naming the company-not the employee's survivors-as beneficiary. The policies, with death benefits as high as $750,000, earn Wal-Mart a tax deduction while the employee is alive plus a tax-free payout when the worker bites the dust.