Loan Regime Split Dollar Agreement Sample Contracts
Executive AdvantageSMLoan Regime Split Dollar Agreement • October 29th, 2019
Executive Advantage is a loan regime split dollar arrangement through Midland National in which life insurance premiums, the death benefit, and cash values are split between two parties - the policyowner (usually an employee) and non-owner (usually an employer). This agreement can be useful for employers who want to recruit, retain, and reward select employees. See the example below to get an idea of how an indexed universal life (IUL) illustration might look, and read through the key takeaways.
Executive AdvantageSMLoan Regime Split Dollar Agreement • October 29th, 2019
Executive Advantage is a loan regime split dollar arrangement through North American in which life insurance premiums, the death benefit, and cash values are split between two parties - the policyowner (usually an employee) and non-owner (usually an employer). This agreement can be useful for employers who want to recruit, retain, and reward select employees by providing death benefit protection and cash value accumulation. See the example below to get an idea of how an indexed universal life (IUL) illustration might look, and read through the key takeaways.