Taxability of Employer-Provided Group Term Life Insurance Benefits

Taxability of Employer-Provided Group Term Life Insurance Benefits

Taxability of Employer-Provided Group Term Life Insurance Benefits

Employers can provide their employees with up to $50,000 of group term life insurance coverage on a tax- free basis. To qualify, employer-provided group term life insurance must meet the following 4 requirements:

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Tags: Benefits, Employer-Provided, Group Term Life (GTL), Insurance, IRC ยง79 Requirements, NIS, Supplemental Insurance, Taxability, Voluntary Benefits, Voluntary Term Life Insurance