The Collateral Assignment Split-dollar Insurance agreement is a process through which one purchases life insurance. This will have policy benefits and premium payments are all divided in way that is determined in advance. This agreement is generally between the employee and the company but can also be between any parties. This is an exclusive benefit that the employee received by being insured. The payments for the insurance are divided between the employee and the employer. This is a way through which one can receive all the benefits without fully buying it.
Life insurance is crucial for any individual. The employer must be able to provide fringe benefit to the key employee. This is a process through which employment of important individuals are retained within the company. It is important to go through the terms and conditions before agreeing to it. This is not necessarily mandatory in every company.
Collateral Assignment Split-dollar Insurance agreement
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