Learn more about how taxes apply to life insurance proceeds and when you do (and don’t) have to pay taxes on life insurance.

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 ...

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 ...

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 ...

Life insurance plays an essential role in protecting the financial well-being of individuals and their families. It provides a sense of security by offering a payout or death benefit to beneficiaries ...

Employer-sponsored life insurance over $50K is taxed. The IRS considers excess coverage as imputed income. Imputed income appears on your W-2. The taxable portion of employer-provided life insurance ...