: A contract defines which party owns the policy, who pays the premiums, and how the death benefit and cash value are divided. The Split :
: Often, the employer pays all or most of the premiums. split-dollar life insurance
Split-dollar life insurance is not a specific type of policy, but rather a between two parties—typically an employer and a key employee—to share the costs and benefits of a permanent life insurance policy. How It Works : A contract defines which party owns the