What Does Split-Dollar Life Insurance Mean?

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What does Split-Dollar Life Insurance mean? Read on to discover the definition & meaning of the term Split-Dollar Life Insurance - to help you better understand the language used in insurance policies.

Split-Dollar Life Insurance

Split-Dollar Life Insurance

An arrangement between two parties where life insurance is written on the life of one, who names the beneficiary of the net death benefits (death benefits less cash value), and the other is assigned the cash value, with both sharing premium payments.

We hope the you have a better understanding of the meaning of Split-Dollar Life Insurance.

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