Split-dollar life insurance has become a popular insurance arrangement in recent years. Under a split-dollar policy, an employer and an employee agree to share the costs and benefits of a permanent life insurance contract providing both a death benefit and cash value.
"Tax Traps in Split-Dollar Life Insurance,"
Agricultural Law Digest: Vol. 7
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol7/iss14/1