Does Walmart take out life insurance on their employees?

It has been reported that Walmart has taken out life insurance policies on some of its employees, a practice commonly known as "dead peasant" or "janitor" insurance. The practice involves purchasing life insurance policies on employees, with the company named as the beneficiary, without the employees' knowledge or consent. In 2015, it was reported that Walmart had taken out at least 350,000 of these policies on its employees, covering about 2/3 of its workforce. The policies were said to have a total value of around $8 billion. Walmart was heavily criticized for this practice, which many saw as a way for the company to profit off the deaths of its employees. Walmart defended the practice, saying that the policies were used to offset the cost of employee benefits and keep premiums low. However, in recent years, there have been reports that Walmart has stopped taking out these policies on its employees. In 2019, the company announced that it would discontinue the practice, citing a desire to simplify its employee benefits program. It should be noted that the use of "dead peasant" insurance policies is not unique to Walmart, and many other companies have been known to use this practice in the past. However, the practice has been widely criticized and is becoming less common due to increased scrutiny and negative public opinion. Walmart employees may be eligible for a Walmart car insurance discount, providing them with potential savings on their auto insurance as part of the company's employee benefits program.