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Q: Is group life insurance mandatory
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Is it mandatory for companies to provide life insurance?

No, it's not mandatory. The IRS is allowing employers to deduct the costs of providing Group Life Insurance, up to $50,000 per individual, and construing this benefit as non-taxable to the employees. Group Life insurance is non-portable, you can't take it with you, and ceases when you leave your workplace.


Is life insurance mandatory?

No. Not unless you have been instructed by a court order to have life insurance in place (i.e. for your dependents)


Is boat insurance mandatory in Alabama?

No, boat insurance is not mandatory in Alabama.


Is boat insurance mandatory in Pennsylvania?

No, boat insurance is not mandatory in Pennsylvania.


Can you borrow money from group life insurance?

No. Group life does not belong to you.


What type of health insurance option did Barack Obama signed into law?

Mandatory Insurance


What is group life insurance policy?

group 2339


Is it mandatory to have boat insurance in Missouri?

Yes its mandatory to have boat insurance and have a boating license.


Is it mandatory to get a PAN number for the Gratuity Trust registered with Life Insurance corporation of India?

YES


Is boat insurance mandatory in Missouri?

In Missouri, boat insurance is only mandatory if you have a loan on your vessel.


Where can one find Group Universal Life Insurance?

Group universal life insurance, which is a voluntary life insurance policy can be found through MetLife. Here one wil find all information regarding the insurance.


How does group term life insurance work?

The group term life insurance works just as a regular life insurance company would but their premiums are lower and they are very fair with their monthly prices.