Federal tax code · Federal sources
Group-Term Life Insurance Purchased for Employees
26 U.S.C. § 79
Edition and licensing notes
Publisher. U.S. Government (Office of the Law Revision Counsel)
Edition. US Code (via govinfo.gov official link resolver), retrieved 2026-08-25
Status. U.S. Code, public domain (U.S. Government work).
What this document is
Group-Term Life Insurance Purchased for Employees - 26 U.S.C. § 79 is a federal tax code published by U.S. Government (Office of the Law Revision Counsel). It is one of the documents that insurance license exam questions are written from, including life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.
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Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- 26 U.S.C. § 79: subsection (a) (General rule)
“an amount equal to the cost of group-term life insurance on his life provided for part or all of such year under a policy (or policies) carried directly or indirectly by his employer (or employers); but only to the extent that such cost exceeds the sum of - (1) the cost of $50,000 of such...”
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