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"Since we're not requiring vaccinations, will the company be paying a 5 million dollar life insurance policy for my family as beneficiaries? I'm fine dying but
by WrtCdEvrydy 5y ago
"Since we're not requiring vaccinations, will the company be paying a 5 million dollar life insurance policy for my family as beneficiaries? I'm fine dying but I like to put a price on my own life"
This is what I would say if I worked at a place which actually wanted people to come back to the office.
- paiute 5y agoSo you're not vaccinated?
- WrtCdEvrydy 5y agoI am, but the organization isn't requiring it, so we can't guarantee herd immunity. Edit: It's a moot point because the management are the ones driving the "safety above all, stay in your houses" strategy.
- mynameishere 5y agoOn the contrary, OSHA all but nixed such requirements: If you require your employees to be vaccinated as a condition of employment (i.e., for work-related reasons), then any adverse reaction to the COVID-19 vaccine is work-related. https://www.natlawreview.com/article/osha-s-new-guidance-recordability-covid-19-vaccine-reactions https://www.natlawreview.com/article/osha-s-new-guidance-rec...
- deleted 5y ago[deleted]
- chrisseaton 5y ago> will the company be paying a 5 million dollar life insurance policy for my family as beneficiaries? Isn't life insurance a standard part of employment benefits? So, yes, they will be.
- WrtCdEvrydy 5y agoUsually, but that's usually a 2x current yearly pay rate and it's usually capped at 100k. A 5 million dollar life insurance is a "key person" policy... if it's some important to the business that I be on site during a health emergency, they can keep half of the max 10 million and my family can get the rest.
- chrisseaton 5y ago> it's usually capped at 100k That's a pretty crappy life insurance policy. I wouldn't want my wife having to recreate an independent life on a runway of just 100k. I'm not a big shot, but I'm set up so that if I die my wife won't have to worry about work for a very long time. These policies probably aren't as expensive as you think they are.
- zip1234 5y agoThe company provided life insurance policies are usually group policies that will cover people regardless of condition--which is why they are so low in value.
- o-__-o 5y agoA 10 mil life insurance policy would require underwriting and, assuming you are healthy, will run between $60k and $120k a year. As a faceless corporate board member, why not just let you flounder while instructing management to find an engineer that is not as expensive? I think inflation is gonna bite a lotta people in the near future
- chrisseaton 5y ago> A 10 mil life insurance policy would require underwriting and, assuming you are healthy, will run between $60k and $120k a year. That's bonkers - a £10 million policy was quoted to me at £4.5k a year.
- 5y ago
- aaronax 5y agoDo you carry a normal $5,000,000 life insurance policy?
- WrtCdEvrydy 5y agoWe carry a standard 2x Yearly Pay Rate but it's capped at 100k.
- deleted 5y ago[deleted]
- o-__-o 5y agoGood luck proving you caught sars in the office and not going to the super market or in your own home.
- erik_seaberg 5y agoWouldn’t life insurance cover disease no matter where you caught it? I thought they only exclude suicide, war, committing crimes, and maybe dangerous sports.
- jokethrowaway 5y agoWorkplace life insurance generally covers you when you die on the job