One of the benefits your employer may offer is the chance to enroll in group term life insurance. This is a program employees can sign up for after meeting certain criteria such as working for the ...

An employer may provide employees with up to $50,000 of group term life insurance protection each year without cost to employees. The taxable value of group term insurance in excess of the exclusion ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Group term life insurance is a type of temporary life insurance in which one contract is ...

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Eric's career includes extensive work in both public ...

Premiums paid by an employer for group term insurance on the lives of employees are deductible. 1 This is so even if a plan discriminates in favor of key employees ( Q 249). A corporation may deduct ...

Life insurance and long-term care benefits are generally income tax free for beneficiaries. Premiums for these insurances are typically not tax deductible, except possibly at the state level. No major ...

A life insurance death benefit is paid tax-free and there are tax-advantaged ways to access cash value Written By Written by Insurance Staff Writer, WSJ | Buy Side Kimberly Lankford is an insurance ...

Employer-sponsored life insurance over $50K is taxed. The IRS considers excess coverage as imputed income. Imputed income appears on your W-2. The taxable portion of employer-provided life insurance ...