If an employee is interested in a large amount of personal life insurance but wants the business to buy the life insurance, a split dollar plan can be considered. (irs.com)
A wide variety of split - dollar plans exist today — all involving two or more people or entities splitting the costs and benefits of some sort of permanent life insurance. (sgrlaw.com)
A split dollar plan is NOT about a specific life insurance product but rather is a contractual strategy for using life insurance. (insuranceandestates.com)