L6 - Group Life Insurance
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Under federal tax laws, what is the 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 employer may be a tax deduction
Which provision is NOT a requirement in a group life policy?
Accidental (AD&D)
What type of group plan involves employees sharing the cost?
contributory plan
A noncontributory group term life plan is characterized by
the entire cost of the plan is paid for by the employer