What Does Voluntary Life Insurance Mean?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Voluntary Life Insurance is offered by employers. It is group coverage available to the employees and their families that they can purchase on a voluntary basis, above the amount that their employer provides for them. For tax purposes, any amount of group life insurance coverage above $50,000 is a taxable benefit.
    Answered on August 16, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>