Plan Funding Option
- Employee Pays Economic Benefit – Available with Economic Benefit Split Dollar Plans the Employee will pay the portion of the Planned Annualized Premium that is due on the Life Insurance Policy that is equal to the Economic Benefit; the Employer will pay the remainder of the Premium.
- Employee Pays Specified Amount – Available with Economic Benefit Split Dollar Plans, the Employee Pays a specified amount of the Planned Annualized Premium that is due on the Life Insurance Policy; the Employer will pay the remainder of the Premium.
- Employer Pays All – Employer will pay for the entire Planned Annualized Premium that is due on the Life Insurance Policy.
- Employer Pays Specified Amount – Employer Pays a specified amount of the Planned Annualized Premium that is due on the Life Insurance Policy; the Employee will pay the remainder of the Premium.