FOLIO Ontology

Exploring the Federated Open Legal Information Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R7wiZFY7X1mvwdTAODDGrNi
Label Split Dollar Agreement
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Definition

A Split Dollar Agreement is a contract that details how the premiums, death benefits, and cash values of a life insurance policy are split between two parties. Typically, one party owns the policy, while the other has a vested interest in the death benefit or cash value.

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Additional Information

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Editorial Information

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Source and Origin

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