Does My Employer Have Life Insurance On Me? 
IRS code 101 -LRB- j -RRB- requires that all employers have the employee sign a `` consent '' form for Employer Owned Life Insurance if they want a policy on you . The only reason they would want a policy on you is if you are a key employee who is `` key '' to the business succeeding . And even then it is nothing to worry about and perfectly normal . 