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2. Corporate-owned life insurance - Wikipedia

   en.wikipedia.org/wiki/Corporate-owned_life_insurance

   Corporate-owned life insurance (COLI), is life insurance on employees' lives that is owned by the employer, with benefits payable either to the employer or directly to the employee's families. Other names for the practice include janitor's insurance and dead peasants insurance. When the employer is a bank, the insurance is known as a bank owned ...

3. Internal Revenue Code section 79 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   The cost of employer-provided group-term life insurance on the life of an employee's spouse or dependent, paid by the employer, is not taxable to the employee if the face amount of the coverage does not exceed $2,000. This coverage is excluded as a de minimis fringe benefit. Some cases may allow more. [5]

4. Life insurance - Wikipedia

   en.wikipedia.org/wiki/Life_insurance

   Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical ...

5. Employee benefits - Wikipedia

   en.wikipedia.org/wiki/Employee_benefits

   Employee benefits in the United States include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401 (k), 403 (b)); group term life insurance and accidental death and dismemberment insurance plans; income protection plans (also known as ...

6. Employee compensation in the United States - Wikipedia

   en.wikipedia.org/wiki/Employee_compensation_in...

   A notable example is medical insurance, which has risen in cost dramatically in recent decades and been shifted to employees by many American employers. [2] Even when paid entirely by employees, these programs may still provide value to employees and be called benefits because their cost may be considerably lower than that of equivalent non ...

7. New York Life Insurance Company - Wikipedia

   en.wikipedia.org/wiki/New_York_Life_Insurance...

   New York Life Insurance Company (NYLIC) is the third-largest life insurance company [4] and the largest mutual life insurance company in the United States, [5] and is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue. [6] In 2023, NYLIC achieved the best possible ratings by the four independent rating ...