McDermott Will & Emery Employee Benefits

DECEMBER 28, 2023

Health Net Life Insurance Company appeared first on EMPLOYEE BENEFITS BLOG. The proposed regulations were issued earlier this year by the US Departments of Labor, Health and Human Services and the Treasury (the Departments). Our previous MHPAEA content is […] The post Parsing MHPAEA Claims Under the Proposed Rule: E.W.

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Life Insurance Insurance Employee Benefits 105

Higginbotham

APRIL 12, 2024

Life insurance can be a practical way of making sure that your loved ones are taken care of even after you’re gone. However, there’s more than one type of life insurance policy, and some can provide you with more features than just a death benefit. Term life insurance covers a predetermined period of time.

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Life Insurance Insurance Taxes Deductions 52

BerniePortal

APRIL 18, 2022

As part of that enrollment process, employers often offer ancillary benefits like basic life insurance as well, but unlike health coverage , basic life coverage alone may not be enough to cover all of an employee’s needs—especially if they have a family. So, how does basic life insurance work?

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Life Insurance Insurance Healthcare Employment 95

BerniePortal

APRIL 19, 2022

During the enrollment process , employers often offer ancillary benefits like voluntary life insurance to supplement basic life coverage. So, what is voluntary life insurance? But unlike healthcare and other fringe benefits , not all employees need to elect all ancillary benefits.

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Life Insurance Insurance Healthcare Employment 98

Higginbotham

FEBRUARY 21, 2024

Parents often buy life insurance for themselves to help safeguard their children’s futures. But, should they also buy life insurance for their kids? Although the idea of life insurance for children may sound unusual, it can serve some practical purposes and offer long-term benefits.

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Life Insurance Insurance Insurance Carriers Medical 52

Higginbotham

FEBRUARY 14, 2023

You may be able to benefit from your life insurance policy while you’re still alive. If you own a permanent life insurance policy, it will accrue a cash value over time. This makes borrowing against life insurance possible. Term life insurance policies cover a predetermined period of time.

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Life Insurance Insurance IT Taxes 52

Take It Personel-ly

NOVEMBER 14, 2020

There aren’t many things more important in your financial plan than your life insurance and final will and testament. These financial tools provide you with the peace of mind that both yours and your family’s need will be cared for in the event of death, disability, or terminal illness.

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Life Insurance Insurance 104

Fringe Benefit Analysts

AUGUST 27, 2021

When choosing your coverage options, you may be aware of life insurance and accidental death and dismemberment (AD&D). What Is Life Insurance? Life insurance gives a policy holder’s family members financial protection should he or she die of an accident, illness or natural causes. What Is AD&D?

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Life Insurance Insurance Health Health Insurance 52

International Foundation of Employee Benefit Plans

NOVEMBER 30, 2023

District Court for the […] The post Legal & Legislative Reporter: Court Allows a Life Insurance Conversion Dispute to Move Forward appeared first on Word on Benefits. Below is a summary we thought you’d be interested in. Content provided by Morgan, Lewis & Bockius LLP.

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Life Insurance Insurance Employee Benefits Education 76

Higginbotham

JUNE 15, 2023

Group life insurance is a type of life insurance policy that covers an affiliated group of individuals, typically the employees of a company or the members of an organization, who can be covered under a single master contract. What is group life insurance? What is group life insurance?

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Life Insurance Insurance Employment Medical 52

Patriot Software

NOVEMBER 8, 2021

Company-sponsored life insurance is a pretty popular employee benefit. Thinking about offering group-term life insurance? Read on to learn: What is group-term life insurance? Is group-term life insurance taxable? Is group-term life insurance taxable?

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Life Insurance Taxes Insurance Employee Benefits 97

Higginbotham

MAY 3, 2022

If you outlive your life insurance policy, can you get your premiums back? However, a return of premium life insurance policy is the exception. This life insurance product allows policyholders to collect a refund of the premiums they have paid. These premiums are the cost of purchasing insurance.

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Life Insurance Insurance Retirement Plan IT 52

Higginbotham

MAY 4, 2023

What is supplemental life insurance? It’s a type of life insurance policy that’s often available through work and provides additional coverage. What is supplemental life insurance? Supplemental life insurance fills in coverage gaps and provides additional life insurance coverage.

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Life Insurance Benefits Package Insurance Employee Benefits 52

Take It Personel-ly

MARCH 25, 2021

Employer-sponsored life insurance comes as a well-intentioned perk for loyal employees. Getting covered through work is a less expensive way to protect your family, especially when you need life insurance but haven’t shopped around for one yet. On the […].

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Life Insurance Insurance Benefits Package IT 66

Take It Personel-ly

NOVEMBER 12, 2021

Becoming an owner of a successful insurance brokerage can be a long and exhausting process, but it is definitely worth it. If you want to start a life insurance brokerage, you will need to do […]. You will get to set your own schedule and have a huge impact on your work environment, among other things.

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Life Insurance Insurance IT 54

Higginbotham

MARCH 10, 2022

You’ve decided you need life insurance. Now you need to decide which type of life insurance you need. Life insurance policies aren’t all the same. So what’s the right life insurance policy for you? Term vs. Whole Life Insurance. Term Life Insurance: Pros and Cons.

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Life Insurance Insurance Medical IT 52

Take It Personel-ly

FEBRUARY 24, 2021

Life insurance is something that we all at a certain age are bound to give some serious thought to. Life is fragile and finite. But your family heritage and legacy will continue on even after death through your children and grandchildren. At a certain age it is not your future that you are concerned about […].

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Life Insurance Insurance Finance IT 76

Employee Benefit News

NOVEMBER 2, 2023

By capturing employee attention with popular benefits, employers can piggyback communication about the most valuable enhancements for their workforce.

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Voluntary Benefits Life Insurance Insurance Employment 121

Winston Benefits

SEPTEMBER 19, 2017

Do your employees know what they need to about life insurance? People tend to overlook life insurance, because they think they’re too young to need it, or they don’t understand what it could be used for. Here are some trends that can help you offer the best life insurance policies to your employees.

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Life Insurance Insurance Education IT 49

Take It Personel-ly

NOVEMBER 4, 2019

Are you one of the 52% of Americans who think life insurance is too expensive? We’re going to go over the essential life insurance questions so you have the […]. Or maybe you’re one of the 12% who doesn’t know how much coverage to get.

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Life Insurance Insurance Finance 49

InterWest Insurance Services

OCTOBER 31, 2024

Over 80% of middle-market respondents report that they got their health insurance, disability insurance and retirement plan all through their employer. Meanwhile, six in 10 have no life insurance in place outside of the workplace. Are life insurance benefits adequate?

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Disability Insurance Life Insurance Deductions Deductible 90

Money Talk

JANUARY 4, 2024

Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax. Inheritances are not considered taxable income by the federal government but earnings on inherited assets (e.g.,

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Life Insurance Pension Benefit Retail Taxes 176

Money Talk

JUNE 22, 2023

Who is going to get what you someday leave behind in life insurance policies and/or tax-deferred retirement accounts? Beneficiary Use- Beneficiary designations are required for life insurance policies, individual retirement accounts (IRAs), employer retirement savings plans (e.g.,

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401(k) Life Insurance Retirement Plan Finance 235

Employee Benefit News

DECEMBER 15, 2022

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Money Talk

SEPTEMBER 7, 2023

Transfers are often made through lifetime gifts and inheritances received by younger generations via wills, trusts, and beneficiary designations on life insurance and retirement savings accounts. Example: my grandparents, parents, and me. It can also occur by teaching younger generations “how to fish” to create their own wealth.

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Winston Benefits

FEBRUARY 25, 2016

Life insurance is like the tax code. We all know it’s there (and know we should have a basic knowledge of it) yet most of us will never fully master it.

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Life Insurance Insurance Taxes IT 45

Money Talk

MARCH 15, 2023

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. To convert life insurance policy cash value into income and stop making premium payments, 3. Medicaid planning, 2.

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401(k) Life Insurance Taxes Insurance 244

WEX Inc.

OCTOBER 2, 2024

Pet benefits: For those who consider their furry friends part of the family, pet insurance and other forms of pet benefits can help cover unexpected veterinary costs. Supplemental life insurance: While your employer might offer a basic life insurance policy, supplemental life insurance allows you to tailor coverage to your unique needs.

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Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 98

Money Talk

OCTOBER 24, 2024

Consider a Higher Deductible - Ask your insurance agent to provide premium quotes for different deductible amounts and “do the math” to decide if a higher deductible makes sense. Install an Impact-Resistant Roof - Make your home less of a risk for an insurance company.

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Insurance Deductions Deductible Life Insurance 173

Money Talk

SEPTEMBER 12, 2024

This is a 40% “haircut,” which some couples cover with spousal gifts, annuities, and/or life insurance. If the husband dies first, the wife is left with $1,250 (50% of husband’s pension), $800-wife’s pension, and $2,000 (highest Social Security) for income of $4,050 ($48,600 annually).

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Pension Taxes Pension Benefit Entertainment 162

Money Talk

MARCH 7, 2024

unemployment, SNAP, life insurance beneficiary payout) ¨ Earn additional income (e.g., ¨ Marketable job skills (e.g., certifications, degrees, and work experience) ¨ Strong social capital (e.g., second job or “side hustle” freelance work) ¨ Get professional assistance (e.g., Seek information from reputable unbiased sources (e.g.,

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Life Insurance Government Medical Food 156

CorpStrat

FEBRUARY 12, 2024

Crafting Disability and Life Insurance Plans The solution to these potential challenges often lies in crafting comprehensive disability and life insurance plans for your key personnel. These plans are designed to safeguard your business, ensuring continuity and peace of mind in times of unexpected adversity.

Disability Insurance 95

Disability Insurance Insurance Life Insurance Commissions 95

International Foundation of Employee Benefit Plans

FEBRUARY 21, 2023

From traditional benefits like life insurance and vision care to trendier offerings such as insurance to cover pets or protect against identity theft, voluntary benefits can serve as a cost-effective. Read more > The post Employee Attraction and Retention Through Voluntary Benefits appeared first on Word on Benefits.

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Voluntary Benefits Life Insurance Health Insurance 83

Money Talk

SEPTEMBER 17, 2022

joint ownership with right of survivorship) or beneficiary designations on contracts such as life insurance policies, individual retirement accounts (IRAs), and tax-deferred employer retirement savings plans always take precedence over the terms of a will. bank and investment accounts), collectibles, and life insurance.

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Life Insurance Banking Taxes Finance 245

Wellable

JULY 24, 2019

In the newly released movie, The Farewell , everyone in the family knows that the matriarch, Nai Nai, only has three months to live—except Nai Nai. The family decides not to tell Nai Nai so she won’t be worried. To see her one last time before she passes, family from the U.S.

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Life Insurance Insurance 58

McDermott Will & Emery Employee Benefits

JANUARY 4, 2024

Health Net Life Insurance Company, we return to our examination of the comments submitted in response to the proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). After a brief hiatus to discuss the pleading standards adopted by the US Court of Appeals for the Tenth Circuit in E.W.

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Life Insurance Insurance Employee Benefits Health and Welfare 104

BerniePortal

NOVEMBER 28, 2023

Beneficiaries are named in many locations: Life insurance policies Last Will and Testament Retirement accounts Brokerage accounts Bank accounts Social Security Disability (in certain cases) Other financial products The benefits are often monetary, but they can also be anything else of value that is being passed down.

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Life Insurance Banking Insurance Healthcare 98