[...]

"Banks have also exploited other tricks with the billions invested in these policies. JPMorgan is the assignee for Patent number 5,806,042 at the U.S. Patent and Trademark Office, titled “System for Designing and Implementing Bank Owned Life Insurance (BOLI) With a Reinsurance Option.”

[...]

"“The administrative support subsystem performs periodic sweeps of social security records to identify death claims for covered employees who have terminated or retired…”

Gotta keep track!

http://wallstreetonp...death-of-workers/


As for their own policyholders:

There was a very cautious man
Who never laughed or played
He never risked, he never tried,
He never sang or prayed.
And when he one day passed away,
His insurance was denied,
For since he never really lived,
They claimed he never really died.

(Anonymous)