Unveiling Life Insurance Fringe Benefit 2023: A Secure Financial Umbrella for Employees
Life insurance fringe benefit 2023 refers to the tax-advantaged life insurance coverage provided by employers to their employees as a non-cash compensation. For instance, Acme Corporation offers a $50,000 life insurance policy to its employees, with the premiums paid by the company. This benefit ensures financial protection for employees’ families in the event of their untimely demise.