What is the Definition of Split-Dollar Life Insurance Plan?

What is the Definition of Split-Dollar Life Insurance Plan?

An agreement under which a business provides individual life insurance policies for certain employees, who share in paying the cost of the policies.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Split-Dollar Life Insurance Plan?

You can find random definition and meaning of insurance terms below:


What is the meaning of Premises and Operations

policies covering the liability of an insured to persons who have incurred bodily injury or property damage on an insured's premises during normal operations or routine maintenance, or from an insured's business operations either on or off of the insured's premises.


What is the meaning of Premium

Money charged for the insurance coverage reflecting expectation of loss.


What is the meaning of Premiums Earned

the portion of premium for which the policy protection or coverage has already been given during the now-expired portion of the policy term.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Split-Dollar Life Insurance Plan?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter