Unveiling the Significance of Life Insurance Fringe Benefits in 2022
Life insurance fringe benefit 2022 refers to the employer-provided life insurance coverage that exceeds the basic group life insurance coverage amount. An illustration of this is XYZ Company offering an additional $50,000 life insurance coverage to its employees, on top of the standard $20,000 group life insurance policy, at no extra cost to the employees. This fringe benefit holds great relevance in today’s job market, offering numerous advantages to both employers and employees.