split dollar life insurance

An arrangement between two people (often an employer and employee) by which life insurance is written on the life of one, though both share the premium payments.

• On the insured’s death or other event terminating the plan, the noninsured person receives the cash value of the insurance as reimbursement, and the beneficiary named by the insured is entitled to the remainder.

— Also termed split-dollar insurance.

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词条贡献者

译者Virginia，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，擅长翻译各种与私募股权融资相关的法律文件。