In these arrangements, one party (usually the employer) pays some or all of the premiums, while the other (the employee) provides the life to be insured and designates beneficiaries for a portion of the death benefit. : Specifies which party pays the premiums.
: Defines whether the employer or employee owns the policy. split-dollar life insurance
: Outlines how the death benefit and cash value are split upon death or termination. In these arrangements, one party (usually the employer)