Section 79 Plans: Where Can I get help with Section 79 Plan Problem

Section 79 Plans: Where Can I get help with Section 79 Plan Problem

Section 79 allows employers to offer group and permanent life insurance benefits with contributions that are typically tax-deductible to the corporation. Many employers already offer group term life insurance to their employees. Typically this amount is limited to $50,000 of coverage and is generally income tax-free for employees. But key-employees and owners often need permanent coverage and higher coverage amounts.