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News Blog Archives
News-Blog posts insightful comments on the latest international news that render us taken-aback in the domain of the quality of life. News-Blog: Life-Insurance News Chrysler cancels life insurance for non-union, white-collar retirees: April 1, 2008 by John Neff
Unfortunately for Chrysler's army of some 14,000 white-collar retirees, the automaker has announced that it will be cutting the free life-insurance plan that workers were previously covered by. Those affected will be given a one-time opportunity to buy into the plan themselves, which offers coverage equal to their last year of pay if retired before 2003 or $50,000 for those who retired after the cutoff. They're also eligible for receiving a $4,000 bump in their pensions. Of note is that the cancelation does not affect any union-represented workers or retirees. Clearly a cost-cutting measure for the company, we're not sure how much it will actually save Chrysler per year, but apparently it's enough. Since those affected no longer work for the company, Chrysler knows that the move will not affect how its business currently runs, and since these workers aren't unionized, there's not much they can do about it, either. News Blog Comment:
We are very scared of death. And the insurance companies are constantly going on deepening their pockets by cashing on our scare through providing life insurance to us in this form or that! Or are we scared of life itself? It's true. We are not scared of death as much as we are scared of the wicked ways life compels us to live in! And it's we who have designed these ways for ourselves to live. Somewhere we made some mistake somehow. We want to make our life secure by paying a monthly premium to a business company that our nears-and-dears will be taken care of, in case we die an untimely death. In fact, we are not making our life secure since no one on earth can do that. What we are doing is guaranteeing our kith and kin a comfortable life in case we happen to be no more with them on earth. But my question is why life is not made comfortable for each and every member of the human club till s/he is alive. Why have we gone so self-centered on earth? And also, why should insurance companies go on fattening their wallets just for robbing Peter and paying Paul? I invite you to subscribe to my E-zine titled Life Coach, free of charge. This E-zine publishes insightful comments on the latest international news that render us taken-aback in the domains of various facets of life. A not-to-be-missed opportunity! Subscribe to it here: I also invite you to subscribe to my Life Blog - no need to provide your e-mail address here. This RSS feed keeps you informed about new developments taking place on this site. It also harbors 25 journal bloglets - including news blog - posting insightful comments on the latest international news that render us taken-aback in the domains of various facets of life. In order to subscribe to the blog, right-click on the orange RSS button (see buttons up to the left) and then paste the URL into your RSS reader. Or click on add to My Yahoo! button or My MSN or Add To Google button if you keep a personalized home page there. If you are not sure what RSS or blogging is all about, click on What's an RSS Feed? here:
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