Group Term Life Insurance Increase Act of 2015
Official title: To amend the Internal Revenue Code of 1986 to increase the dollar limitation on employer-provided group term life insurance that can be excluded from the gross income of the employee.
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Referred to the House Committee on Ways and Means.
Group Term Life Insurance Increase Act of 2015
This bill amends the Internal Revenue Code to increase the limit on the amount of employer-provided group term life insurance that an employee may exclude from his or her gross income for income tax purposes. Currently, an employee may exclude from gross income up to $50,000 of the cost of such insurance plus any amount paid by the employee for the purchase of such insurance. The bill increases the $50,000 limit to $375,000, and adjusts such increased limit for inflation in taxable years beginning after 2015.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 2771: Group Term Life Insurance Increase Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2771/
"H.R. 2771: Group Term Life Insurance Increase Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2771/.
H.R. 2771, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2771/.
[H.R. 2771: Group Term Life Insurance Increase Act of 2015](https://openamerica.io/bill/114-HR-2771/)