Group Life
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Under federal tax laws, what is that tax treatment for an employer providing $50,000 of a contributory group Term Life plan to all its eligible employees?
Portion of the premiums paid for by the employee may be a tax deduction
An employee with $25,000 group term life coverage was recently fired. This employee's group coverage may be converted to a
$25,000 individual whole life policy
Which provision is NOT a requirement in a group life policy?
Accidental
If its employees share in the cost of insurance, what type of group life insurance plan would a corporation have?
Contributory
Which required must be met for an association to be eligible for a group life plan?
Group was formed for purpose other than acquiring insurance