Current tax law requires that the “imputed value” of any group term life insurance provided for you by your employer above $50,000 be reported on your W-2 form as taxable income. If you wish to avoid ...

For Basic Life Insurance and AD&D, if the volume of your life insurance exceeds $50,000, you have the option of limiting your coverage [PDF] to $50,000 in order to avoid imputed income. The imputed ...