Calculating GTL

Her employer’s provides her with coverage equal to 3 x her annual salary as of January 1, in a nondiscriminatory group-term life insurance plan and her salary as of 1-1-17 was $60,000. Beth contributes $10 per month in after-tax dollars toward the insurance premiums. Step 1 3 x $60,000 = $180,000. Step 2 $180,000 - $50,000 = $130,000 ................
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