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Save Split Dollar Agreement in PNG

Save Split Dollar Agreement in PNG

Aug 6th, 2022

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How to Save Split Dollar Agreement in PNG

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In this video, Jamie Hopkins and Steve Parrish discuss split dollar life insurance, a planning technique often utilized in retirement, death benefit, and estate planning. The term "split dollar" refers to a situation where one party has a need for life insurance while another has the financial capability to pay for it. Historically, split dollar arrangements were prevalent until 2003 when the IRS intervened, citing that the strategy was being used excessively. This led to new regulations surrounding its use, affecting how it’s approached in financial planning. The conversation is intended to clarify the concept for students and advisors who may not be familiar with it.

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