Sad, but true, a lot of companies do this 
* ADAC Laboratories
* Advanced Telecommunication Corp.
* Aeroquip Vickers Inc.
* Alabama Power Co.
* Alfa Corp.
* Allegheny Technologies Inc.
* Allergan Inc.
* Allfirst Financial Inc.
* American Business Products, Inc.
* American Electric Power
* American Express Co.
* American Greetings Corp.
* American Management Systems Inc.
* American Seafoods Group LLC
* Ameritech Corp.
* Amerus Group Co.
* Anadarko Petroleum Corporation
* Appalachian Power Co.
* Arch Chemical
* Aristech Chemical Corp.
* AT&T Communications
* Atlantic Richfield Co.
* Avery Dennison Corp
* Avon Products Inc.
* B. F. Goodrich Company
* Ball Corporation
* Bank Boston
* Bank Of America
* Bank One Corp.
* Barnett Banks Inc.
* Bassett Furniture Industries Inc.
* Be Aerospace Inc.
* Bear Stearns Companies
* Bellsouth Corporation
* Boise Cascade Corp.
* Boston Company
* Boston Federal
* Bristol-Myers Squibb Company
* Camelot Music, Inc.
* Carolina Power & Light Co.
* Carpenter Technology Corp.
* Catskill Financial Corp.
* Central Power & Light Co.
* Ch2m Hill Companies Ltd.
* Charming Shoppes, Inc.
* Checkfree Corp.
* Chemical Banking Corporation
* Citibank, N.A.
* Citizens Bank
* Clark Inc.
* Clorox Company
* CNF Inc.
* Coca-Cola Company
* Columbus Southern Power Co.
* Commercial Intertech Corp.
* Compass Bank (Florida & Alabama)
* Computer Technology Associates Inc.
* Consolidated Natural Gas Co.
* Consolidated Rail Corporation
* Cox Enterprises, Inc.
* CTA Inc.
* Cymer Inc.
* Diamond Shamrock Inc.
* Diebold Inc.
* Dime Bancorp Inc.
* Dow Chemical
* Earle M. Jorgensen Co.
* Eastman Kodak Company
* Eaton Corp.
* ECC Capital Corp.
* Enserch Corp.
* F&M Bancorp
* FiberMark Inc.
* Figgie International Inc.
* Fina Oil & Chemical Company
* First Bank System Inc.
* First Commonwealth
* First Midwest Bancorp Inc.
* Fleet Bank
* FleetBoston Financial Corp.
* Flightsafety International Inc.
* Frontier Bank
* Fulton Financial Corp.
* GATX Corporation
* Georgia Power Co.
* GNC Corp.
* Great Plains Energy Inc.
* GTE Corporation
* Gulf Power Co.
* HCR Manor Care Inc
* Hechinger Company
* Heritage Commerce Corp.
* Herman Miller Inc.
* Hershey Foods Corporation
* Hillenbrand Industries, Inc.
* Hosiery Corporation of America
* Houghton Mifflin
* Household Finance
* Hovnanian Enterprises Inc.
* Hughes Supply Inc
* ICI Americas, Inc.
* Idaho Power Company
* IKON Office Solutions Inc.
* Indiana Michigan Power Co.
* Integra Bank Corp.
* Intermark Inc.
* Iowa First Bancshares Corp.
* Iroquois Bancorp Inc.
* J Jill Group Inc.
* JP Morgan Chase & Co.
* Kansas City Power & Light
* Kansas Gas & Electric Co.
* Keithley Instruments Inc.
* Kentucky Power Co.
* Keycorp Ohio
* Kimberly Clark
* Korn Ferry International
* Laser Master Int’l. Inc.
* Linens N Things Inc.
* LKQ Corp.
* Louisiana Pacific Corp.
* Manor Care Inc.
* Marriott International Inc.
* McDonnell Douglas Corp.
* Media General Inc.
* Medicalcontrol Inc.
* Menasha Corporation
* MidAmerican Energy Co.
* Miix Group Inc.
* Mississippi Power Co.
* MNC Financial Inc.
* Mueller Industries Inc.
* National City Corporation
* NationsBank
* Nestle Enterprises
* Norfolk Southern Corp.
* Norfolk Southern Railway Co.
* Northern States Power Co.
* Ohio Power Co.
* Old National
* Olin Corporation
* Owens & Minor Inc.
* PacifiCorp
* Panera Bread Co.
* Panhandle Eastern Pipe Line Company
* Parker Hannifin Corp.
* Penn Treaty American Corp.
* Penns Woods Bancorp Inc.
* Phibro Animal Health Corp.
* Philipp Brothers Chemicals Inc.
* Phoenix Companies Inc.
* Pinnacle Financial Services Inc.
* Portland General Electric
* Potlatch Corporation
* PPG Industries
* Procter & Gamble Company
* PSS World Medical Inc.
* Public Service Co. of New Mexico
* Public Service Co. of Oklahoma
* Public Service Enterprise Group
* Questech Inc.
* R. R. Donnelley & Sons Company
* Ruddick Corp.
* Ryder System Inc.
* Sallie Mae (Stud Ln Mktg Assoc.)
* Savannah Electric & Power Co.
* Sequa Corp.
* Service Merchandise Co., Inc.
* Shearson Mortgage
* Sherwin-Williams
* Sky Chefs
* Smart & Final Inc.
* Smith Barney
* Sonoco Products Co.
* Southwest Bank
* Southwest Water Co.
* Southwestern Bell Corp.
* Southwestern Electric Power Co.
* Southwestern Public Service Co.
* Star Banc Corp.
* Stauffer Management Company
* Steelcase Inc.
* Sturgis Bancorp Inc.
* Summit Bank of N.J.
* Swank, Inc.
* Tellabs Inc.
* Tenet Healthcare Corp.
* Texas Eastern Transmission Corp.
* Tompkins Trustco Inc.
* TXU Corp.
* TYCO International
* UniFirst Corp.
* Union Bank
* United National Bancorp
* Urocor Inc.
* Vineyard National Bancorp
* W. R. Grace & Company
* Wachovia Corporation
* Walgreen Company
* Wal-Mart Stores
* Walt Disney
* Wang’s International, Inc.
* Wells Fargo, N.A.
* West Coast Bancorp
* West Texas Utilities Co.
* Westar Energy Inc.
* Western Aire Chef Inc
* Western Resources, Inc.
* Westpoint Pepperell
* Winn Dixie
* Winnebago Industries Inc.
* Woolworth Corporation
* Xcel Energy Inc.
* York Water Co.
* Zale Corp.
http://deadpeasantinsurance.com/which-employers-bought-policies-on-the-lives-of-employees/#more-43