Understanding employee benefits can be confusing.
Mixing in life insurance makes it even more complicated, especially a split-dollar life insurance plan.
But it doesn’t have to be:
While this particular benefit isn’t offered that often to employees, the concept of how it works is simple. Once you figure it out, you will be able to decide if a split-dollar agreement is for you.
In this post, I will go over the definition of split-dollar life insurance, how it works, how to terminate one if you are already in a contract, and much more.
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