If you have a tax unapproved death benefit

If your employer offers a tax unapproved death benefit, the insurance will not be paid to the retirement fund if there is a death benefit. Previously, the law allowed the employer the discretion on how to distribute this type of death benefit, provided the policy allowed for this. Recent changes to the law require that the benefit must be paid directly to the people nominated to receive the benefit. If there is no beneficiary form on record, the death benefit must be paid to the estate.