Collateral approach is a term used to indicate employer ownership of an insurance policy.(Split-Dollar Life Insurance)

Name: Collateral approach is a term used to indicate employer ownership of an insurance policy.(Split-Dollar Life Insurance)
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Question

Quizplus · Accepted Answer

Collateral approach in the context of Split-Dollar Life Insurance refers to an arrangement where the policy's cash value or death benefit serves as collateral for a loan or an agreement, not to employer ownership of the policy.

Collateral Approach Is a Term Used to Indicate Employer Ownership