Group-Term Life


The Concordia Disability and Survivor Plan (CDSP) pays death benefits to beneficiaries upon the passing of an enrolled worker or an enrolled dependent. These benefits have been ruled by the Internal Revenue Service as taxable group-term life insurance benefits.

To help your ministry more accurately adjust payroll deductions for this taxable benefit, you will receive an annual Group-Term Life Report for all of your workers, followed by monthly Group-Term Life Reports that include new hires and transfers, and members with life events that resulted in a change to their Group-Term Life coverage under the CDSP. If your workforce has no changes from the previous report, a new report will not be sent.

    The resources on this page outline the monthly Group Term Life reports. If you still have questions, please call us at 888-927-7526.