Copy And Paste In Legal Alaska Patents Forms For Free

The amount of coverage is typically determined using a multiple of an employee's annual salary. Or it may be linked to an employee's position at the company. Usually, employers pay most or all the premiums. Employer-provided life insurance can be a good benefit, especially if you have no other life insurance in place.

What is corporate-owned life insurance? Corporate-owned life insurance is a type of life insurance that employers may be able to take out on their employees. The employer acts as the policy's beneficiary, and when the employee passes away, the employer receives the death benefit.

The first $50,000 of group term life insurance coverage that your employer provides is excluded from taxable income and doesn't add anything to your income tax bill. But the employer-paid cost of group term coverage in excess of $50,000 is taxable income to you.

You can offer your employees a minimal amount of life insurance (e.g., one to two times an employee's annual salary) and allow employees to purchase optional amounts with low premiums. Since group life insurance is a contract between your company and the insurance company, you can terminate the plan at any time.

Provisional patents are ideal for protecting an invention's concept. A provisional patent application is ideal for people who want to protect an idea but don't have the money to file a full patent application. This type of patent is cheaper and easier to file than a full patent.

Method 1: Write and file your own patent application (the cheapest way) - total cost about $1,000 for most inventors to get an issued patent (USPTO government fees only). A provisional type application is only about $150 to file but this only stays pending for 12 months and is only a 'placeholder' type application.