Cafeteria plans cover employees' beneficiaries in the event of loss of life.

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Cafeteria plans, also known as Section 125 plans, primarily allow employees to choose from a variety of pre-tax benefit options, such as health insurance, flexible spending accounts, and retirement savings plans. They do not directly cover beneficiaries in the event of loss of life; that would typically be the role of a life insurance benefit, which might be offered separately by an employer.

Cafeteria Plans Cover Employees' Beneficiaries in the Event of Loss