Life Insurance Policy

Each Employee will have an opportunity to meet with a representative to enroll in a term life insurance Plan. New employees who are interested will meet once a month for the introduction session during the benefit orientations. Under current federal tax law (IRC Section 79), the cost of the first $50,000 of employer-provided group term life insurance coverage is tax free to the employee. The cost of any coverage the Company provides above $50,000 is considered imputed income and is taxable to the employee based on IRS Table I rates.

General information, not legal advice. Treat this as a drafting starting point, not a finished policy — employment law varies by jurisdiction and changes often, so have a licensed attorney tailor it to your situation before you rely on it.

AI Policy Drafter

Need to draft your own Life Insurance policy? Do it here — free

Free access for HR professionals and corporate counsel. Complete the form below to apply.

First name *

Last name *

Work email *

Role *

Company / Organization *

LinkedIn profile URL *

Personal email domains (Gmail, Yahoo, etc.) are not accepted.

Submitting this form subscribes you to the ELINFONET newsletter. You may unsubscribe at any time.

Only your email address is retained after verification. All other information is used to confirm your professional credentials and then discarded.