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Highlight Text Split Dollar Agreement

Highlight Text Split Dollar Agreement

Aug 6th, 2022

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How to Highlight Text Split Dollar Agreement

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66 votes

Jamie Hopkins and Steve Parrish discuss split dollar life insurance, a planning technique familiar to many in the insurance and business planning fields. The term "split dollar" refers to a situation where one party has a need for life insurance while another has the financial capability to fund it. Traditionally, this strategy was employed for retirement, death benefit, and estate planning purposes. However, regulatory changes from the IRS in 2003 limited its use, as they believed it was being overly utilized in planning strategies. The conversation aims to clarify the concept for those less familiar with it.

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