Employer Death Benefit Option

• Cumulative Net After-Tax Cost – Assumes the Employer receives a Death Benefit amount equal to its Cumulative Net After Tax Cost.
• Loan Balance – Assumes the Employer receives a Death Benefit amount equal to the loan balance of the Loan Based Split Dollar Plan, which will include any accrued loan interest. This is the only option available with a Loan Based Split Dollar Plan.
• Equal To Employer Cash Value – Assumes the Employer receives a Death Benefit amount equal to the Employer's Cash Value.
• Specify Amount – Specify the portion of the Death Benefit that the Employer will receive. If the Death Benefit specified is greater than the Policy's Death Benefit, the Employer will be due the Policy's entire Death Benefit.