Employee life insurance usually refers to a group term life insurance plan provided as a benefit for employees of a company. But employee life insurance can also include voluntary plans and business life insurance policies such as those used in conjunction with a non-qualified deferred compensation agreement.
In some cases the employer pays all or part of the premium. Voluntary life premiums are normally paid by the employee.
Group term life plans and voluntary insurance allow the employee to name the beneficiary. Business life insurance plans usually have the employer as the beneficiary.
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In some cases the employer pays all or part of the premium. Voluntary life premiums are normally paid by the employee.
Group term life plans and voluntary insurance allow the employee to name the beneficiary. Business life insurance plans usually have the employer as the beneficiary.