Split dollar plans

Term · Insurance and risk management · MLC-T-INS-003740

An arrangement, not a type of policy, where an employer and an employee share the costs and benefits of a permanent life insurance policy. The employer typically pays a portion of the premium equal to the annual increase in the policy's cash value, while the employee pays the remainder. Upon the employee's death or termination of the agreement, the employer recovers its contributions from the policy proceeds, with the balance paid to the employee's designated beneficiary.

Table 1. Record
Identifier	MLC-T-INS-003740
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003740",
  "term": "Split dollar plans",
  "field": "Insurance and risk management",
  "definition": "An arrangement, not a type of policy, where an employer and an employee share the costs and benefits of a permanent life insurance policy. The employer typically pays a portion of the premium equal to the annual increase in the policy's cash value, while the employee pays the remainder. Upon the employee's death or termination of the agreement, the employer recovers its contributions from the policy proceeds, with the balance paid to the employee's designated beneficiary.",
  "url": "https://mlchart.com/terminology/insurance/split-dollar-plans/"
}

Record 3,245 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.