Articles
What is Group Term Life Insurance?
The Basics Group-term life insurance is coverage that employers offer to employees only. Coverage may be employer- or employee-paid. Often, employers offer a specified benefit (flat fee or percentage of salary) that is cost-free for employees, th...
Group Term Life - Commonly Asked (Tax) Questions
Must the cost of employer-provided group-term life insurance be included in an employee’s gross income? Pursuant to Code Section 79, an employee may exclude up to $50,000 of employer-provided group-term life insurance from his or her income. This...
What is Group Disability Insurance?
Disability insurance has become an increasingly valuable part of a comprehensive employee benefits package. Not only does disability insurance fill the gaps in financial protection offered by other programs like Social Security, it is also a highl...
Disability Insurance Terms
Active, full-time employee: An individual must work for the employer on a regular basis in the usual course of the employer’s business to be considered an active, full- time employee and be eligible for coverage. Usually, a minimum number of hour...