The group term life insurance premiums paid by an employer for up to $50,000 of coverage are considered to be a(n) __________.

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The group term life insurance premiums that are paid by an employer for up to $50,000 of coverage are considered to be a tax free benefit to the employee. Premiums that are paid by the employer for coverage that exceeds $50,000 are considered taxable income to the employee. This amount of income must be reported on the employee's annual tax return.

The Group Term Life Insurance Premiums Paid by an Employer