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Article: Reverse split dollar advantage considered. (Million Dollar Round Table)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- July 3, 1990
- Author:
CopyrightCOPYRIGHT 1990 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Reverse Split Dollar Advantages Considered
SAN FRANCISCO--Let's talk about a real sizzler in the marketplace--reverse split dollar.
It is a legitimate life insurance planning technique as long as certain conditions are followed. And it is a highly specialized approach to something that we have been familiar with for many, many years--split dollar.
The Internal Revenue definition of split dollar is set forth in Revenue Ruling 64-328. Everything needed for our understanding of RSD is derived from this ruling.
Reverse split dollar reverses the benefits and roles of the usual executive or key person and corporation in providing benefits ...