Split-Dollar Insurance Agreement (Endorsement Method)
A split-dollar arrangement is a strategy in which a life insurance policy's premium, cash
values, and/or death benefits are split between two parties (owner and non-owner). It
is not a type of life insurance or a reason for buying life insurance; rather, it is a method
of financing the purchase of life insurance. Split-dollar is generally most appropriate
when one party (the company) has the cash to pay the premiums for life insurance
and the other party (the employee) has the need for life insurance. Depending upon
the method of split dollar used, the policy owner may be the employer, the insured/
employee, and the insured's trust or a third party.
There are two common forms of structuring the ownership of a split-dollar insurance arrangement: endorsement or collateral assignment. When an endorsement split-dollar arrangement is used in a business context the employer typically pays the premiums on a life insurance policy on the life of the employee.
New Mexico Split-Dollar Insurance Agreement (Endorsement Method)
Instant download
Description
Free preview
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Built-in online Word editor
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Export easily
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
E-sign your document
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
Notarize online 24/7
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
Store your document securely
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
