Question

Life Insurance paid for employees

Answer 1

Answer:

Employer provided life insurance is an arrangement where, the employer buys the life insurance plan and pays the premium for the benefit of the employee. Generally, this is a benefit given to only select employees by the company with the aim of attracting and retaining them for a long period of time.

Answer 2

Answer:

Employer provided life insurance is an arrangement where, the employer buys the life insurance plan and pays the premium for the benefit of the employee. ... But, employer provided life insurance is different in a way that the death benefit is paid to the employee's beneficiaries and not the company