An arrangement in which premiums, cash values and death benefits are divided between two parties, usually an employer and employee. In business situations, this may result in the employee having to report an economic benefit cost for tax purposes.
A method of purchasing life insurance where an employee and an employer split the premiums, ownership rights and benefits. There are two types of split dollar plans: endorsement and collateral.
An arrangement in which two parties, usually an employer and employee, jointly purchase the policy, pay premiums and share in the policy's benefits.