If you regularly work outside your workplace and carry out tasks on the go, then DocHub is the document management service you need. It’s a cloud solution that operates on any internet-connected device, and you can access it from anyplace. The interface is intuitive yet feature-rich, so you’ll need only a couple of moments to Modify word in Split Dollar Agreement and make other necessary adjustments.
Stop wasting time searching for a perfect document editor; try out DocHub now and complete your paperwork wherever you are!
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 companys paid. Interest on the total cash value can be used to provide retirement income to the executi