What Does Voluntary Life Insurance Mean?
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63333 POINTSContact Meview profilePeggy MacePROMost of the U.S.Voluntary Life Insurance is offered by employers. It is group coverage available to the employees and their families that they can purchase on a voluntary basis, above the amount that their employer provides for them. For tax purposes, any amount of group life insurance coverage above $50,000 is a taxable benefit.Answered on August 16, 2013+21+1 this answer
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