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EMPLOYER OWNED LIFE INSURANCE (ELI) EMPLOYEE NOTICE AND CONSENT TO LIFE INSURANCE The Pension Protection Act of 2006 was enacted into law on August 17, 2006. One part of the new law codifies certain

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What is employer owned life insurance?

Employer owned life insurance is a life insurance policy obtained by an employer on the life of an employee.

Who is required to file employer owned life insurance?

Employers who have purchased life insurance policies on their employees are required to file employer owned life insurance.

How to fill out employer owned life insurance?

Employer owned life insurance can be filled out by providing information on the policyholder, insured individuals, and beneficiaries.

What is the purpose of employer owned life insurance?

The purpose of employer owned life insurance is to provide financial protection to the employer in case of the premature death of an employee.

What information must be reported on employer owned life insurance?

Information such as policy details, insured individuals, beneficiaries, and policy owner must be reported on employer owned life insurance.

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