Does Erisa Cover Life Insurance? 
ERISA does n't directly address life insurance . ERISA is a federal law which dates back to 1974 that sets minimum standards for retirement plans in the private sector . The protections provided to plan participants are extensive . To the extent that retirement plans utilize life insurance and related products as plan assets , the standards and protections can indirectly apply to such products . For example , there are specific rules for qualified retirement plans which place limits on life insurance as a plan asset . 