Group-Term Life

The Concordia Disability and Survivor Plan provides death benefits for enrolled workers and their enrolled dependents. Under IRS rules, these benefits are treated as group-term life insurance for tax purposes. This means the “value” of the coverage—called imputed income—may be taxable and subject to Social Security taxes (FICA or SECA).

The resources on this page explain imputed income, Group-Term Life (GTL) taxability, and how to use your monthly payroll deductions report. If you have questions, please contact us—our team is here to help.