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Convert Split Dollar Agreement to Word

Convert Split Dollar Agreement to Word

Aug 6th, 2022

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Straightforward guide on how to Convert Split Dollar Agreement to Word

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How to Convert Split Dollar Agreement to Word

5 out of 5

63 votes

The video tutorial discusses using split dollar arrangements with permanent life insurance to leverage business funds for personal benefit. It outlines two balance sheets: one for the business and one for the individual, highlighting a scenario where the business operates at a 21% tax rate while the individual is at 37%. The strategy involves the business paying premiums for a personally owned permanent life insurance policy, which provides death benefits, cash value accumulation, and living benefits. The business treats the premium payment as a loan to the policyholder, who then repays the loan at a lower interest rate. The repayment can be managed through policy values via loans or withdrawals.

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