Life Insurance

Read more about the article States Update Employee Sick Leave Requirements

States Update Employee Sick Leave Requirements

States Update Employee Leave Requirements For Coronavirus In response to the coronavirus (COVID-19) pandemic, states have passed new laws and issued new regulations and guidance about employee leave taken for COVID-19 reasons. These provisions are in addition to the federal Emergency Paid Sick Leave Act and Emergency Family and Medical Leave Expansion Act, passed on March 18 as part of the Families First Coronavirus Response Act (FFCRA). In general, employee sick leave permitted under new state COVID-19 rules and guidance varies with…

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Read more about the article Illinois Employment Law: City Of Chicago Paid Sick Leave
Chicago, USA - July 2015: The sculpture "Cloud Gate" also nicknamed "The Bean," located in Millennium Park, Chicago, Illinois. Sculpture was created by Anish Kapoor.

Illinois Employment Law: City Of Chicago Paid Sick Leave

Illinois does not currently have a statewide law requiring private employers to provide employees with paid sick leave. However, the City of Chicago Minimum Wage and Paid Sick Leave Ordinance requires employers to provide Chicago employees with such leave. Cook County Paid Sick Leave Cook County has its own paid sick leave law—the Cook County Earned Sick Leave Ordinance. While numerous municipalities have opted out of Cook County’s paid sick leave law, the city of Chicago has not. Thus, Chicago employers are…

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Read more about the article State Disability Insurance Laws
Health Insurance Concept - Doctor in hospital with health insurance related icon graphic interface showing healthcare people, money planning, risk management, medical treatment and coverage benefit.

State Disability Insurance Laws

State Disability Insurance Laws Only a few states require employers to provide disability insurance coverage to employees for non-work-related illnesses or injuries. Currently, there are state-mandated disability insurance requirements in California, Hawaii, New Jersey, New York and Rhode Island. Disability insurance provides wage replacement benefits for employees who are unable to perform their jobs due to non-job-related illnesses or injuries. While most states do not require employers to provide disability insurance coverage for their employees, there are currently five states that require…

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Read more about the article The Benefits of Providing Accident Insurance

The Benefits of Providing Accident Insurance

The Benefits of Providing Accident Insurance For a growing number of employers, voluntary accident insurance plans may play a part in rounding out employee benefits packages to help employees pay for unexpected costs. Accidents can happen to anyone—and the reality is that accidents do happen. In fact, more than 80 million people in the United States seek medical treatment for injuries each year. This article provides an overview of accident insurance and reasons why many employers are offering this voluntary benefit to…

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Read more about the article Group Term Life Insurance: FAQ’s

Group Term Life Insurance: FAQ’s

Many employers provide employees with employer-paid group-term life insurance benefits or arrange for employees to purchase group-term life insurance benefits. Internal Revenue Code (Code) Section 79 includes the tax rules for employer-provided group-term life insurance. Code Section 79 provides that an employee may exclude up to $50,000 of employer-provided group-term life insurance coverage from his or her taxable income. This tax exclusion applies only to insurance on the life of the employee. It does not apply to insurance on the life of…

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