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Send Split Dollar Agreement via USPS

Send Split Dollar Agreement via USPS

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Aug 6th, 2022

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Easy instructions on how to Send Split Dollar Agreement via USPS

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How to Send Split Dollar Agreement via USPS

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14 votes

Split-Dollar insurance is a shared ownership model for a life insurance policy, primarily benefiting executives with future income and a death benefit. It comprises three key components: premium payments, cash surrender value, and the eventual death benefit. Under this arrangement, both the company and the executive split these components. The executive owns the policy, providing creditor protection, while the company usually pays the premiums. The executive may incur taxes or loan interest on payments. The cash surrender value is typically assigned to the company but limited to the total premiums it has contributed. Interest on the cash value can offer retirement income for the executive.

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