Final answer:
No, life insurance for employees is not a required benefit under federal law. Hence the statement is false.
Step-by-step explanation:
No, life insurance for employees is not a required benefit under federal law. However, there are certain types of insurance that employers are required to provide. For example, employers that offer pensions to their retired employees are required to pay a small fraction of what they are setting aside for pensions to the Pension Benefit Guarantee Corporation.
Similarly, banks are required to pay a small fraction of their deposits to the Federal Deposit Insurance Corporation to ensure that depositors are protected. Additionally, employers are required to provide workman's compensation insurance to pay benefits to workers who suffer an injury on the job.
These are some examples of required insurance provisions, but life insurance is not among them.