 Are there any legitimate insurance companies out there that you can work from home w/o paying big $$ to do it. |
| Looking to work at home as an insurance agent - I have a liscense but I don't want to do any MLM thingie or spend a ton of money buying crappy leads for a company that promises the moon and the ... |
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 Health insurance for pre-existing conditions? |
| I'm 29 years old and had reconstructive urological surgery as a child and have had to be closely followed by a urologist all my life. I'm originally from Canada, but have permanent ... |
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 Health Insurance question....can an agent answer this? |
| I'm shopping around for health insurance and a question that is asked is about being a smoker. I quit almost 4 months ago. Some only ask, "Do you smoke tobacco...yes or no", others ask,... |
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 What do you think of this proposal to replace our health care dilemma? |
First of all I think we can all agree that our "for profit" system we have now, must and will be replaced. Now, how about this?
1. All workers will pay in let's say 2% of our ... |
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 I inherited a life insurance policy how do i check to see if its real? |
they say send them legal fees and they will send me the fund
Additional Details
i am the benificery they say fees are for the signing of my name also were can i check for ... |
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 How investments is better in insurance than in share market & mutual funds? |
| if person invest in insurance and he invest which is safer for him to invest.... |
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 What right does my Mortgage company have to lay hands on MY Homeowners Ins. Claims check? |
I had a house fire and my mortgage company is giving me the run around about sending me my First Draw, after I’ve done all they have asked.
It appears to me, this is a scam by mortgage ... |
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 I'm looking for a health plan, with low monthly payments? |
neither my or my husbands job offer health insurance, so we are looking into private plans like Blue Cross Blus Shield. I am 28 and hubby is 29 and we have a 2 year old.
The quotes we�... |
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 Insurance claims? |
| Anually, what is the value of insurance claims due to water ... |
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 The doctor bills? |
| Me and my husband have independant insurance. We pay 300.00 a month and that is with maternity. Now the doctor says we have to pay the entire doctor bill before May so that is 500.00 a month. They ... |
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 Does insurance pay if your car need to be repair in the repair shop? ? |
The car was accidentally hit in the wall of my own garage... And it really hit a bit bad in the other side of the car...
My question is if i bring my car to a repair shop to make it to be ... |
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 In an adventure tourism business, is self-insuring a bad idea? |
| Safety is a number one prioroty and has never been an issue. We have a 100% track record.... |
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 My friend told me that you can get car insurance cover letters from some garages.? |
Anyone have more information on these?
Additional Details
Yeah apparantly some garages can give you some cover letter which are legit and cover you in the event of an accident, only its ... |
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 What sort of Life assurance / mortgage cover do i need? |
| We have an interest only mortgage and need to get some kind of cover for life insurance / endowment or mortgage assurance - we have no idea what to look for - we want it to pay off the mortgage ... |
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 I need a life insurance policy that is affordable for my mom who has cancer? |
| I do not have alot of money and I am trying to find a life insurance policy that I can afford for my mom. Sha has cancer in her throat and I can not find an insurance company that will give her ... |
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 I want to start selling insurance and quit the current job that I have.? |
| Should I just quit the job that I hate (lol), and start with the insurance, or do the insurance on the side while i have this job then quit when i have clients built up?????... |
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 Looking for cheap insurance? |
| just baught a van and looking for insurance companys numbers,thanks ... |
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ANTHONY M | At what point does employer paid life insurance become taxable to the employee? |
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Mark S
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It does not become taxable to you, at all. You don't pay the majority of the premium each month. Typically, you cannot even convert it to your own personal insurance contract. Some companies allow this, check with your HR dept. to be sure. |
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acermill
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Internal Revenue Code section 79 provides an exclusion for the first $50,000 of group-term life insurance coverage provided under a policy carried directly or indirectly by an employer. There are no tax consequences if the total amount of such policies does not exceed $50,000. The imputed cost of coverage in excess of $50,000 must be included in income, using the IRS Premium Table, and are subject to social security and Medicare taxes. |
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ernesto_tig
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I'm guessing you mean group life insurance.
The short answer is $50,000
For the long answer: http://www.irs.gov/govt/fslg/article/0,,id=110345,00.html |
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Size 2
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Just reiterating what the other answerer's have said. Group term life insurance that is for a value of over $50,000 is considered an income. "Considered an income" means that the premiums the employer pays for said policy (usually just a few bucks) needs to be reported on the employees' (and probably employer's) taxes. |
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Greg R
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The only time i heard of payments being taxable are in a Executive Bonus Plan.
This is how the plan works
The employee takes out a personal life insurance plan and names a beneficiary.
The business pays the policy premium to the insurer. It can deduct the premium on its income taxes as long as the total payments to the employee are considered reasonable compensation.
The employee pays income taxes on the premium. |
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mamatohaley+1
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I thought you had to pay taxes when over a 50k benefit. Possible just taxes on the premium. I am not 100% sure of that though. |
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mbrcatz
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If the employer pays it, it's not taxable to the employee, period. |
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