This Split Dollar Plans Webinar W.O.W.S. provides insight to a meaningful supplemental retirement benefit while having a means for recovering the “cost” of the plan with minimal P&L impact.
Split-Dollar Insurance is not an insurance policy; it is a method of paying for insurance coverage. A split-dollar plan is an arrangement between two parties that involves "splitting" the premium payments, cash values, ownership of the policy, and death benefits. These arrangements are subject to Split Dollar Final Regulations that apply for purposes of federal income, employment and gift taxes. Regulations provide that the tax treatment of split-dollar life insurance arrangements will be determined under one of two sets of rules, depending on who owns the policy.
Your participation and questions are encouraged, feel free to email in advance. Thank you for joining us!