Protect Your Business with a Split-Dollar Life Insurance Plan

Certain employees are extremely valuable to a business due to their knowledge, skill set, or investment in the company. ┬áTherefore, arming these employees with life insurance can protect a business that may suffer financial loss if the employee becomes unable to work due to disability or death. The Mechanics of a Business Split-Dollar Life Insurance … Continue reading Protect Your Business with a Split-Dollar Life Insurance Plan

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How to Use a Split-Dollar Life Insurance Plan for Your Business

Not a type of insurance policy, per se, a business split-dollar life insurance plan is used by a business when an arrangement allocates that a life insurance policy benefits and premium costs are made between an employer and a valued employee. Typically, an employer assists certain employees in purchasing a business split-dollar life insurance plan. … Continue reading How to Use a Split-Dollar Life Insurance Plan for Your Business