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GTLIGroup Term Life Insurance
GTLIGlobal Transport Logistics, Inc. (Glen Rock, NJ)
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Drawing somewhat of a parallel to the controlling stockholder regulations, the IRS has held that a partnership's power to surrender or cancel its group term life insurance policy is not attributable to any of the partners.
Thus, the court concluded that individual selection was involved and the insurance consequently was not group term life insurance.
MBA will launch a brand new "Guaranteed Issue" (GI) $100,000 group term life insurance plan for National Guard members.
This provision was scheduled to expire on December 31, 2013, but MAP-21 extended it to December 31, 2021, and also added a provision allowing such transfers to a plan account that funds premiums for retiree group term life insurance limited to $50,000 of coverage.
An employer may provide employees with up to $50,000 of group term life insurance protection each year without cost to employees.
(1) In meeting the twin objectives of family security and reduced cost, most plans offer group term life insurance together with group hospital, surgical, and major medical coverage.
Plans typically offer participants a "cafeteria menu" of items, including group term life insurance, medical expense insurance, dependent group term life insurance, child care, and dental expense coverage.
Example: For example, assume that an employee, age 52, is provided with $150,000 of group term life insurance coverage in each month of the taxable year 2007.
It offers additional advantages that include credit card programs, major medical insurance, group term life insurance and disability income plans that are available in most states for those qualifying.
Find the total amount of group term life insurance coverage in each calendar month of the taxable year.
For the first time ever and for one month only, you can enroll for $25,000 of guaranteed issue life insurance coverage through the NEA Group Term Life Insurance Plan.
Although the life insurance benefits that many corporations offer to their employees through group term plans are efficient in providing benefits to currently active non-executives, group term life insurance has several shortcomings in providing executive life insurance coverage, including: