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did you know you can be paid in Life Insurance its true and its a technique that is often used by some of the top coaches in college sports the technique we are talking about is called a split dollar plan and it is growing in popularity with employers and Executives who want to accumulate more money for the future in simple terms a split dollar plan is a contract between two or more parties split the ownership and benefits of a cash value life insurance policy these plans are used by companies to attract and retain key employees while helping those participants save more for retirement or assist in estate planning something that is key for many other executive benefit Arrangements is that split dollar plans are often used with business owners as well as top talent a split dollar plan can involve either an employer owned or an employee-owned cash value life insurance policy that benefits both the company and the employer or owner every split dollar plan must involve two or more partie
