It can be difficult to understand employee benefits.
It is more difficult to mix life insurance, especially with split-dollar life insurance plans.
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 understand the basics, you can decide if a split dollar agreement is right for you.
This article will cover the definition of split dollar life insurance, how it works and how to terminate a contract.
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