While not explicitly addressed in the authoritative literature, we believe that the cost of providing other fringe benefits (including medical, life insurance, or other similar plans) to active employees should be recognized as the costs are incurred as a component of employee compensation for the current period. This could either be as insurance premiums are paid for benefits funded by third-party insurers or on an incurred-but-not-recorded basis (see FSP 23.8) for self-insured benefits. Refer to LI 5 for further discussion of the accounting for certain life insurance arrangements provided outside of a pension or OPEB plan. Life insurance benefits provided through a pension or OPEB plan are accounted for under ASC 715.