TITLE

Field Service Advice: Split Dollar Not A Loan

AUTHOR(S)
Stenken, Joseph F.
PUB. DATE
December 1998
SOURCE
National Underwriter / Life & Health Financial Services;12/14/98, Vol. 102 Issue 50, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Explains the taxation of split dollar insurance plans, as contained in the Field Service Advice (FSA) issued by the United States Internal Revenue Service (IRS) in 1993. Definition of an FSA; Taxation on the value of the economic benefit received from one's employer under a split dollar plan; Description of two kinds of plans, namely endorsement plan and collateral assignment.
ACCESSION #
1404067

 

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