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.
With the collateral assignment split-dollar arrangement, the employee or the
employee's trust is designated the owner of the policy. The employee's spouse, other
family member, or the trust is named beneficiary of the policy. The employer's premium
payments are secured by a collateral assignment on the policy. As in the endorsement
method, the rights and duties of the two parties are spelled out in a split-dollar agreement.
Typically, collateral assignment arrangements are used for two reasons:
1. First, it is generally easier to keep the death benefit out of the estate of a controlling shareholder.
2. Second, the collateral assignment method makes it somewhat easier for the employee to take over the policy unencumbered.
Since the employee owns the policy from the outset, it is not necessary to transfer ownership from the corporation to the employee, though the collateral assignment would be released when the split dollar is terminated and taxation would result.
Anchorage Alaska Split-Dollar Agreement - Non-Equity Collateral Assignment Arrangement - Economic Benefit Approach-Minority Owner orSplit-Dollar Agreement -- Non-Equity Collateral Assignment Arrangement - Economic Benefit Approach - Minority Owner or Key Executive Owned
Category:
State:
Multi-State
City:
Anchorage
Control #:
US-0900BG
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Word;
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FAQ
The best time to visit Anchorage is June through August. Summer is the most popular time to visit Anchorage, with most visitors arriving between May and September.
The cost of living in Anchorage, AK is 4% lower than the state average and 24% higher than the national average. Anchorage, AK housing is 39% more expensive than the U.S average, while utilities are about 11% pricier.
The best time to visit Anchorage depends on the activities you want to do and how much you enjoy the cold weather. The city is generally considered to be at its best in the summer (June to August) when the skies are clearer, temperatures are mild and there are extended daylight hours to explore.
Alaska's largest city lies between the Chugach Mountains and Cook Inlet. Anchorage is more urban that any other place in Alaska, but it's also just as wild. Among the northernmost cities on Earth, Anchorage is a place with big-city amenities: fine restaurants, museums, shops, theaters, and an excellent music scene.
Most people plan at least three days in Anchorage during their Alaska travels. No matter how long you have, there are many ways to explore.
In researching your trip, you may see other dates mentioned: Peak season is June to August. By mid-June, it's as warm as it's going to get. ... Cruise Season is also May through September. ... Shoulder Season is May (early season) and September (late season), with 10-25% discounts on some hotels, tours, and cruises.
A one week trip to Anchorage usually costs around $1,338 for one person and $2,675 for two people. This includes accommodation, food, local transportation, and sightseeing.
The best time to visit Alaska is during the summer months. While our summer season is short, it is the driest, warmest time to visit. Starting mid May and ending mid September you are sure to see the best the State of Alaska has to offer...
