Dead Peasant Policy | definition of Dead Peasant Policy by Medical dictionary
Dead Peasant Policy
A corporate-owned life insurance policy that a company may take out on its employees—often without their knowledge—designating the company as beneficiary. If the employee dies young, the company gets tax-free death benefits. If the employee lives long, it has a long-running tax break
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.