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Split-Dollar insurance is a life insurance policy ownership structure designed to benefit both the executive and the company. It includes three main components: the premium, cash surrender value, and death benefit. In this arrangement, the company typically pays the premiums, while the executive owns the policy, offering creditor protection. The cash surrender value accumulates and is assigned to the company up to the amount of premiums paid. The executive may incur taxes or loan interest on the premium payment. Importantly, the interest on the cash value can be utilized to generate retirement income for the executive, in addition to the life insurance death benefit.