Why do you think companies invested in this janitor insurace

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Your friend tells you that she read an article about something called “janitor's insurance.” The article said that companies took out life insurance policies on some, if not all, of their employees (not just key managers and officers), with the company named as the beneficiary. Companies then borrowed against the policy proceeds. Why do you think companies invested in this janitor's insurance?

Reference no: EM13314657

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