Yes, except for 18. That pejorative myth has been floating around for years. Companies do take out life insurance on employees and the employees always know about it and sign off on it. The place where it's really big numbers is in key executive positions where they take out huge policies payable to the company to protect against financial turmoil in the event of someone on Mt Olympus dying. When I was working in the oil business I had a base life insurance policy of something like 50k payable to me. And payouts are certainly not made to executives in the form of a bonus.