COLI policies only be allowed for KEY employees who are not easily replaced and whose death will cause loss to company

COLI or Corporate-owned Life Insurance policies were originally created to provide the company with a cushion due to the untimely death of a KEY employee whom would be difficult and costly to replace; however, these COLI policies are being taken out on lower-level employee's, solely for the benefit of the company. This method, in my opinion, is taking advantage of the COLI policies as well as the employees.