When I was hired at Walmart, they asked me if I wanted to enroll in their company paid life insurance program. My mother said it was a great deal; however, I declined because of the "fine print" on the form. By signing the contract, you are ensuring your beneficiary will recieve benefits (approx. $100,000) IF you still work for Walmart or you work there long enough that they allow you to keep this coverage. Also, this contract states that the company can open an additional policy (up to $1,000,000) with Walmart as the sole beneficiary. Here's the catch: the average sales associate at Walmart will not stay there long enough to die or retire, but when they do die (assuming Walmart finds out) the company earns up to $1 million.

Just want to know what people think about this situation. Sure it's a genius business investment, but is it right? In VA, they wouldn't even let my mother get insurance on me once I was 18 without my permission for fear or "shady" schemes...