Tax Implications for Non-Discriminatory Employer-Paid Life Insurance Coverage that Exceeds $50,000 | Section 79 Plans

Tax Implications for Non-Discriminatory Employer-Paid Life Insurance Coverage that Exceeds $50,000 | Section 79 Plans: The Internal Revenue Service discusses circumstances under which some portion of Group Term Life Insurance premiums may be taxable. Section 79 permits up to $50,000 of group term life insurance cov…