The tax consequences of employer-provided life insurance

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The tax consequences of employer-provided life insurance

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August 23, 2023 ,

life insurance income

If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is part of your benefits package, and the coverage is higher than $50,000, there may be undesirable income tax implications.

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Does your employer provide life insurance? Here are the tax consequences

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August 24, 2021 , ,

employer-provided life insurance

Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and the coverage is higher than $50,000, there may be undesirable income tax implications.

Continue Reading: Does your employer provide life insurance? Here are the tax consequences