@ Valleyfiah- It is disgusting, but very true. Congress has introduced legislation in the past to abolish these practices. The trade group The American Council of Life Insurers also archives information regarding these policies.
The IRS is taking offense though, and disallowing billions in interest deductions related to loans taken out against these policies. This has led to high profile court fights that have brought this corporate practice to the attention of the public.
In these cases companies like Walt-Disney, Dow Chemical, Wal-Mart, Winn Dixie Supermarkets, Proctor & Gamble, and others. Wal-Mart had over a quarter million of these policies out on their unhealthiest employees, some of which are worth upwards of $300,000. You can find this information in the public tax filings of many of these companies.
As far as finding out if you’re a covered “peasant”, you may be out of luck. Companies are not required to divulge that information.