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Question #26 of 60

A benefit of group life insurance is:

A. Only the employer is taxed on the value of premiums paid for any insurance in excess of $50,000.
B. The employee receives an income tax deduction for all premiums paid by the employee's employer.
C. An insured's ability to convert the group policy to an individual policy without proof of insurability within 30 days.
D. The premium for an individual conversion policy must be based on the original age of the insured at the time.

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Sagot :

GinnyAnsweridn

Final answer:

Group life insurance provides employees with income tax deductions on premiums paid by their employer.


Explanation:

A benefit of group life insurance is the employee receives an income tax deduction for all premiums paid by the employee's employer. Unlike an individual policy where the premium is paid with after-tax dollars, group life insurance premiums are often paid with pre-tax dollars, providing a tax benefit to the employee.


Learn more about Group life insurance here:

https://brainly.com/question/46077365


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