Section 79 Exceptions

Section 79 requirements apply only to group term life plans. Group term life plans do not include:
1. Accidental Death and Disability coverage, travel accident insurance, or accident and health coverage.
2. Any permanent life insurance coverage that includes additional paid-up options or cash surrender values.
3. Minimal fringe benefits, up to $2,000 of employer-paid dependent life insurance. These benefits are considered minimal (de minimis)
and, therefore, tax-free.

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