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 ...

As a general rule, life insurance provided to a group cannot qualify as group term life insurance for income tax purposes unless, at some time during the calendar year, it is provided to at least 10 ...

How does term life insurance work? Term life works as a time-limited safety net. If you were to die within the term the policy is active, the insurance company would pay out a death benefit to your ...

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 ...

Group life insurance covers a number of people under a single policy. It's usually offered through a job, union or other professional association and provides much less coverage than a policy you'd ...