Group life insurance is considered a deferred compensation plan.

Name: Group life insurance is considered a deferred compensation plan.
Brand: Quizplus
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Quizplus · Accepted Answer

Group life insurance is a type of life insurance in which a single contract covers an entire group of people, typically employees of a company, and is not considered a deferred compensation plan. Deferred compensation plans are savings plans that allow employees to defer income until retirement or a later date, such as 401(k) plans or pensions.

Group Life Insurance Is Considered a Deferred Compensation Plan