How To Calculate Imputed Income For Life Insurance? 
The IRS taxes the value on the employer sponsored group benefit term life insurance exceeding $ 50,000 . The taxable portion is the imputed income . The monthly premium for employer sponsored group benefit term life insurance is payroll deducted , i.e. pretax . The amount over $ 50,000 is added to your taxable salary or imputed income . Here 's ING 's calculator : WEBSITELINK 