Policy Ownership

Select the type of Split Dollar Plan

• Loan Based Split Dollar Plan (Employee Owned) – With this plan a life insurance policy is applied for on the life of an Executive and, depending on the need, owned by the Employee, his/her spouse, co-stockholder, or irrevocable trust. The Executive (or other Policyowner) enters in to a Loan Based Split Dollar plan with the Employer. This is a private agreement made between the executive and employer, separate from the life insurance policy.
• Endorsement Split Dollar Plan (Employer Owned) – With this plan a life insurance policy is applied for on the life of an Employee and owned by the Employer.