Split-Dollar Life Insurance Agreement

Retaining Key Talent with a Split-Dollar Life Insurance Agreement

Fulcrum Partners Executive Benefits News

In 2016, a split-dollar life insurance agreement between the University of Michigan and its head football coach, Jim Harbaugh, received extensive  publicity. (Read Tax Reform Elevates Split-Dollar Arrangements As Incentive Plan). Harbaugh’s agreement, as reported by Dan Murphy, ESPN, (2016) and a Freedom of Information Act request, shapes up like this, “In addition to paying a $5 million salary for …

Tax Reform Elevates Split Dollar Arrangements As Incentive Plan

Tax Reform Elevates Split Dollar Arrangements As Incentive Plan

Fulcrum Partners Fulcrum Partners News, Executive Benefits News

Many of you have likely been asked for guidance in determining strategies to attract, retain, and reward key individuals within a tax-exempt organization. Split dollar life insurance arrangements, where the employer advances policy premiums via a loan to the insured executive participant in exchange for an interest in the policy cash value and death benefit until the loan is repaid, …