Value people with a strategy that also protects assets.
Can you provide a meaningful supplemental retirement benefit while having a means for recovering the “cost” of the plan with minimal P&L impact?
The answer is yes, using a split dollar loan arrangement. Available to certain organizations, like tax exempt credit unions and hospitals, a split dollar loan arrangement can:
IZALE is ready to listen to your needs, help you navigate the complex world of split dollar loan arrangements, and design and manage a program fine-tuned to your business.
"...examiners found some issues with the plan design and we fired our original vendor, a second vendor...informed us they would no longer provide the annual review and accounting support for our plans. We began a search for another replacement vendor. We found IZALE Financial Group….and what a find they were!"
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.