I was thinking. I have around 20 employees. I think it would be a great business decision to not offer life insurance to my employees, but for my business, which is a sole-proprietor, to purchase life insurance polices for all of my employees parents and make my business or myself the beneficiary. I brought it up in an mandatory employee meeting and they did not take it well. I figured, if I am paying for the policy, what is wrong with the business recieving the money if they pass away. All my employees are in their 20's so its not worth putting it on them. My employees showed major disgust over the situation. I told them they will have an option of purchasing a similiar policy from the same caompany for their own parents as well. They told me I was out of my mind. I already offer my employees 401(k), health, dental, and a few other things. I think its a good business decision. But some say if I ask for their parent's socials, they quit. So, what do I do?
2007-05-17
06:45:13
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11 answers
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asked by
Anonymous