Imputed Income and Owners
Imputed income is calculated on employer-paid Basic Life coverage and employee paid Voluntary Life coverage.
If an owner is identified as a 2% S Corp owner in Zenefits, their imputed income for Group Term Life insurance will be calculated with out the $50,000 exclusion that is allowed for employees. There is more information about the IRS guidelines for this on page 12 here.
Thank you for the feedback!