Dealing with documents implies making minor corrections to them daily. Occasionally, the job goes almost automatically, especially if it is part of your everyday routine. However, sometimes, dealing with an uncommon document like a Split Dollar Agreement can take precious working time just to carry out the research. To make sure that every operation with your documents is easy and quick, you need to find an optimal modifying solution for such tasks.
With DocHub, you can see how it works without taking time to figure it all out. Your tools are laid out before your eyes and are readily available. This online solution does not require any sort of background - training or experience - from its end users. It is all set for work even when you are new to software traditionally used to produce Split Dollar Agreement. Easily make, modify, and send out documents, whether you work with them every day or are opening a new document type for the first time. It takes minutes to find a way to work with Split Dollar Agreement.
With DocHub, there is no need to research different document types to learn how to modify them. Have all the essential tools for modifying documents close at hand to streamline your document management.
What is Split-Dollar insurance? Split-Dollar is a type of ownership of a life insurance policy. Often this approach can provide meaningful future income benefits to the executive, in addition to life insurance death benefit. There are three pieces to all permanent types of life insurance; the premium paid, the cash surrender value that accumulates, and the death benefit that will ultimately be paid. Under a Split-Dollar arrangement, each of these components will be split between the company and the executive. The executive will own the policy which provides creditor protection versus other types of nonqualified corporate benefits. The premium will primarily be paid by the company with the executive taxed or charged a loan interest on a payment. The cash surrender value will generally be assigned to the company but only up to the sum of premiums that the company's paid. Interest on the total cash value can be used to provide retirement income to the execut...