Ethical Reflections on Company-Owned Life Insurance
Hugo Nurnberg, Douglas P. Lackey
Journal of Business Ethics · 2008 · Volume 80 · Issue 4
DOI: 10.1007/s10551-007-9472-7
Abstract
COLI – company owned life insurance – is often purchased by firms on employees in whom the firm has no demonstrable insurable interest. Though no immediate harm comes to individuals insured in this way, purchasing such policies raises moral questions. From a Kantian framework, questions arise about reciprocity and fairness, the deception of employees, the generation of mistrust, and the use of the employee’s life as a means to profit. No compensating social good is served by the sale of these policies.
Keywords
COLI, ethical reflections, insurance ethics, Kantian framework
Enable JavaScript for citation tools and additional paper interactions.