The IRS considers the annual cost of employer-provided death benefit protection in amounts over $50,000 to be "imputed income." This imputed income is taxable to the employee, and this tax liability must be reported to the IRS on Form W-2. See Federal Reporting Requirements for Churches for how to report.

This imputed income applies to the group life insurance coverage provided by the MMBB Benefits for Life program. To calculate this amount, simply answer the three questions below and click submit.

1) What is the member's age?

(e.g., 45)

2) What is the member's annual compensation as reported to MMBB (in whole dollars)? This amount is shown on the employer invoice.
$
(e.g., 50000)

3) When did the member enroll in Benefits for Life?
Before [5/16/2006]
Between [5/16/2006] and [5/16/2007]
After [5/16/2007]