What does Equity Split Dollar Life Insurance mean? Read on to discover the definition & meaning of the term Equity Split Dollar Life Insurance - to help you better understand the language used in insurance policies.
Equity Split Dollar Life Insurance
Equity split dollar life insurance is life insurance that consists of two or more parties purchasing the policy together and splitting the benefits. Family members or employers and employees often buy these types of policies. Doing so prevents one party from having to shoulder the full cost of the policy themselves while still enjoying some financial protection.
We hope the you have a better understanding of the meaning of Equity Split Dollar Life Insurance.