Which one of the following benefits received from an employer would NOT result in a taxable benefit or taxable allowance to the employee?

Employer paid life insurance premiums for $$20,000$ of employee coverage where the employee is the beneficiary.

Use of the employer's automobile which is used $95\%$ for employment purposes.

A reasonable allowance of $$0\mathrm{.}45$ per kilometer for driving on employer business.

An interest free loan used to acquire shares of the employer.