Imputed Income For Life Insurance. Marvell basic life insurance plan pays 2.5 times your salary. For example, if you are 50 years old and the life insurance policy is $60,000, you subtract the $50,000 which leaves $10,000.
It’s time to impute income on group term life insurance. That means that it is a taxable form of income for you. Life insurance coverage for any employee above $50,000;