See the tax advantages and downsides.
The decision to purchase life insurance is often a simple one when you have loved ones who depend on your income. After all, it's important to ensure that your family has what it needs financially ...
Employer-sponsored life insurance over $50K is taxed. The IRS considers excess coverage as imputed income. Imputed income appears on your W-2. The taxable portion of employer-provided life insurance ...
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