Cost of Life Insurance Protection Notice (PS 58) Notice

This is an optional notice to inform the participant of the taxes due from insured death benefits in the plan. From the below inputs, it will calculate the taxes due. Note, this will only use Table 2001 Factors. For additional details regarding these taxes see the Cost of Insured Death Benefit Coverage in Qualified Retirement Plans article. To help create these notices you can also connect this to your excel. See Example Excel for how to link to your Excel.