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Cue flashbacks to Walmart buying life insurance for its employees (with Walmart as the beneficiary)... ... and the oh-so-charming way they referred to it at he

• sethammons 2y ago
  It is a derogatory industry term, also called janitor insurance. I can't find a source that says they called it that internally, which I think is relevant to the image being painted. I did find that winn-dixie (a grocer) insurance consultants did use the term internally. Source: https://www.wsj.com/public/resources/documents/april_19.htm https://www.wsj.com/public/resources/documents/april_19.htm