: Outlines how the death benefit and cash value are split upon death or termination.
Split Dollar Life Insurance Using Economic Benefit or Loan Regime split-dollar life insurance
In these arrangements, one party (usually the employer) pays some or all of the premiums, while the other (the employee) provides the life to be insured and designates beneficiaries for a portion of the death benefit. : Specifies which party pays the premiums. : Outlines how the death benefit and cash
: Defines whether the employer or employee owns the policy. split-dollar life insurance