Can someone explain this to me: I have a taxable amount of $44.03 on my paycheck for Delta provided life insurance ($500k, I believe). Now while I like the idea of getting "free" life insurance, a taxable amount of $88 a month seems pretty high. A 45 year old can lock in a $500k term policy for 20 years at about $25 a month (which would then take him out to age 65). Gotta wonder why the $88/mo value being placed on this benefit. What am I missing?