My personal opinion, it's unethical and morally unjustly. All companies should survive on ethical ground rules. I found out through a valuable source that COLI's are purchased for all employees, not just low-leveled. Yes, there's a tax break because the premiums companies pay out are supposed to benefit the employee's family. We are talking about how many cases versus how many actual COLI policies exist. I mean, it's great to bring a few situations and legal suits to the front page; however, I'm sure there are thousands upon thousands of companies out there that do not participate in these actions.