Does ERISA Apply To Life Insurance? 
For the most part no , ERISA -LRB- the Employee Retirement Income Security Act -RRB- is legislation that seeks to prevent tax deductible group retirement plans from too heavily favoring certain employees over other employees -LRB- based mainly on an employees level of compensation at a company -RRB- . It may be effected by pension plans that own life insurance on the participants , but this would be a somewhat unique circumstance given current retirement paradigms . 