Employee Benefits Law Group has extensive experience advising employers and their other advisors on all aspects of employee life insurance plans.
We offer comprehensive service for all aspects of life insurance plan design, tax and compliance issues.
This valuable employee benefit has a number of options and coverage levels for all benefit-eligible employees. We understand the nuances of each type of life insurance, and can help employers design, implement or improve life insurance plans that are delivered on a tax-free basis (e.g., group-term life insurance subject to Code section 79), on a reduced tax basis (e.g., group-term life insurance in excess of $50,000 under Code section 79) or on a more elaborate tax basis (e.g., split-dollar life insurance).
We provide a number of legal services for life insurance benefits, including plan design, plan documents, summary plan descriptions (SPDs), nondiscrimination requirements, reporting, plans in mergers and acquisitions, plan termination and the Code section 409A ramifications of certain split-dollar life insurance plans.