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Can a participant pay for whole life insurance or universal life insurance premiums through a Cafeteria Plan?

April 26, 2017cafeteria Life Insurance participant pay Plan premiums universal

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Can a participant pay for whole life insurance or universal life insurance premiums through a Cafeteria Plan?

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A. No. Life insurance plans with a savings or investment feature, such as whole life, are not qualified benefits under a Cafeteria Plan. (Reg. Sec. 1.125-2 Q&A-5) Q.