Can Group Insurance be categorized under tax incentives?
Group health insurance is tax deductible. Providing health insurance to employees has many advantages. Not only are employees happier, but also they are less likely to switch jobs. Which Life Quote is right for me? A life insurance policy protects your family financially if you or your spouse dies. Insurance companies understand that life is constantly changing, so there are a variety of life insurance policies to meet your changing needs. Because many families depend on two incomes just to make ends meet, insurance companies offer policies that can insure more than one person, protecting the total family income. It is never too early or too late to consider your life insurance options. There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several sub-categories, including traditional whole life, universal life, variable life and variable universal life. Term life insurance provides financial protect