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2020-05-21
Share Split Dollar Agreement Feature
The Share Split Dollar Agreement feature offers a structured approach to funding life insurance policies through a split dollar arrangement. It helps both employers and employees navigate the complexities of financing life insurance while providing financial security.
Key Features
Flexible arrangement for funding life insurance policies
Clear terms outlining shared premium payments
Customizable agreements to fit unique business needs
Built-in provisions for policy ownership and benefits
Comprehensive support for compliance and documentation
Potential Use Cases and Benefits
Employers wanting to attract and retain key employees
Businesses looking for efficient ways to fund executive benefits
Partnerships needing a fair method for sharing life insurance costs
Individuals seeking a tax-efficient strategy for large financial commitments
Organizations preparing for gradual transition of ownership
This feature effectively addresses your need for a streamlined and transparent funding option. By establishing clear agreements, it eliminates confusion about premium responsibilities and policy benefits. This clarity builds trust and financial security for both parties involved.
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