How to get group term life insurance The main qualification for enrollment in group term life insurance is to be employed with an employer that provides this benefit. Your eligibility may not kick ...

Donating an unneeded life insurance policy to charity can extend your charitable legacy. To maximize that gift, consider methods that may reduce your tax burden.

Getting married is one of the biggest life milestones a person can go through. Between planning the wedding and adjusting to ...

Key takeaways Voluntary life insurance is an optional group life insurance policy offered by select employers, usually at a discounted rate. It may be a beneficial option for people with chronic ...

Bottom line A supplemental life insurance policy could make sense if you receive group life insurance through work but find the coverage inadequate for your needs. Many employers offer ...

In addition, some companies buy group life or Federal Employees Group Life Insurance policies. Your policy generally needs a death benefit of at least $100,000 for eligibility.

Group life insurance: If your employer offers life insurance, it generally won't require an exam. The amount is usually smaller than a standalone policy and coverage terminates when you leave your ...

Fact checked by Betsy Petrick When you start a new job that offers benefits, it may include a group life insurance policy, which is a nice perk. Although coverage is affordable and easy to qualify ...

Group life insurance is often free due to your employer paying the premiums, but it’s important to note that only the first $50,000 of group coverage is excluded from your taxable income.

A couple of years ago, I canceled my Veterans' Group Life Insurance (VGLI) policy. If you're not familiar, VGLI is a program that allows you to buy between $10,000 and $500,000 in term life ...

The portion that is allocable to unborrowed policy cash values is an amount that bears the same ratio to the interest expense as the taxpayer’s average unborrowed policy cash values of life ...