Split Dollar

Split Dollar is not a tax-qualified plan, but it does provide a benefit for th employee's family upon the death of an employee. Upon an employee's termination of employment the policy may be purchased from the employer at an agreed price.

1. Insures the employee's life with premium payments split between an employee and the employer.
2. If death occurs while with this employer, the employer receives a portion of the death benefit equal to the cash value or total of premiums paid. The balance is paid to the employee's beneficiary.
3. A certain period of time must elapse before an employee is entitled to any of the cash value.

To obtain more information and/or a quote on this type of insurance, click our Quotes link, and one of our agents will contact you soon.

All applicants are subject to insurance company underwriting guidelines and qualifications.