Previous Topic

Next Topic

Book Contents

Split Dollar

Reward and retain key employees by splitting the death benefit and cash value of a life insurance policy, which can potentially provide lifetime benefit protection and the potential for supplement retirement income. Typically, with a Split Dollar Plan, the employer will fund the policy premiums and will enter in either a Loan Based Split Dollar Plan or Economic Benefit Plan with an employee.

In This Section

Product

Retirement Age

Employee Tax Rate

Employer Name

Employer Tax Rate

Policy Ownership

Loan Type

Assumed Applicable Federal Rate (AFR)

Plan Funding Option

Funding Amount

Funding Adjustment

Loan Interest

Economic Benefit Measure

Employer Death Benefit Option

Employer Death Benefit Amount

Employer Death Benefit Adjustment

Employer Cash Value Option

Employer Cash Value Amount

Employer Cash Value Adjustment

Termination Option

Timing

Termination Method

Termination Price

Pay Tax From Policy

Coverage on Shortfall