What Are Dead Peasant Life Insurance Policies? 
Dead peasant life insurance policies are life insurance policies taken out by a business on all the employees working for that business . The beneficiary of those policies is the business . Sometimes the employees are not informed that a life insurance policy has been taken out on them . This type of policy is not common any more . Rather , most group life insurance taken out for employees allows them to choose their own beneficiaries . If there is a policy owned by the business , is it usually taken out on key employees so that the business can replace them in the event of their demise . 