Refers to insurance, usually tax-free, bought by businesses that insure the lives of their employees for the benefit primarily—or entirely, which is often the case (meaning if the employee dies her/his family receives no insurance payout of any kind, only the business gets the payout)—of the business. The ostensible rationale behind this practice is that businesses can suffer financial losses when their employees die; so, the insurance shields them against these losses. While this may be true of some key high-level employees, in practice, businesses have discovered that their employees’ poor health habits and/or access to inadequate or no healthcare—especially at the lower ranks of their workforce—considerably improves their chances of collecting on this insurance (with the added bonus of minimal or no costs to them in terms of replacing these lower-ranked employees). Additionally, there are significant tax-benefits as well for carrying this insurance. All in all, today, this type of insurance, which businesses prefer to call “corporate-owned life insurance,” has proven to be one more device for augmenting their profits at the expense, one can reasonably argue, of their workers; and in a sense constitutes a form of class warfare.