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Message: From GoLocalProv by Rob Calise, GoLocalProv Business/Health Expert: Voluntary benefits are on the rise as employers look for more ways to provide employees added financial protection and a more competitive benefits package. And life insurance remains one of the most popular offerings. But what many employers don’t know is that Section 79 of the IRS tax code, which requires any employer-paid life insurance in excess of $50,000 to be included in an employee’s wages, also applies to voluntary life plans. http://www.golocalprov.comhttp://beta.golocalprov.com/smart-benefits-the-compliance-risks-of-Voluntary-life-insurance