Is Employer Provided Life Insurance Taxable?

  1. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    Yes, employer provided life insurance is taxable except that the first $50,000 of coverage is free of tax. Amounts provided above that amount are imputed as income based on a government rate table. Called Table I, the rate per 1000 of coverage varies by age and is included in your W-2.
    Answered on May 16, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>