Split Dollar Plans

Split Dollar Plans,

What is The Meaning of Split Dollar Plans?

  • You can define Split Dollar Plans as, A form of joint ownership of life insurance that allows one party, usually the employer, to assist another person in obtaining life insurance coverage. Typically, the insured pays that portion of the premium attributed to life insurance coverage, while the other party pays the amount deposited in cash. In the event of death of the insured, the partner will receive an amount equal to the cost of delivery and the beneficiary of the insurance will receive the remaining amount. This approach offers permanent life insurance at a very low cost.

Literal Meanings of Split Dollar Plans

Split:

Meanings of Split:
  1. Explosion or rupture by force in many parts, especially in half or in the direction of the tendon.

  2. (Refers to a group of people) Divided into two or more groups.

  3. It hurts a lot.

  4. Share a secret or find out about someone.

  5. Get out of nowhere, especially suddenly.

  6. A crack, tear or wound in something, especially in the middle or in a grain

  7. (When doing gymnastics and dancing) jumping in the air or sitting upright on the body with straight legs, one in front and one behind or on each side.

  8. Anything that is divided or divided.

  9. The time it takes to complete a recognized part of a race, or race points when that time is measured.

  10. A seaport on the southern coast of Croatia with a population of 177,500 (in 2009). It includes the ruins of the palace of Emperor Diocletian, built around 300 AD.

Sentences of Split
  1. The snow will break and grow

  2. Let's separate and find the other two

  3. The light passed through a small distance of the curtain

  4. I have never been able to distribute before

  5. We also didn't share all the posts, because there were so many half-slots along the solid center line.

  6. As a strong relay anchor, Korea has the fastest 50- and 100-meter relay times ever.

Synonyms of Split

violent, stabbing, raging, take oneself off, go away, inform against, break camp, depart, inform on, quit, crevice, grievous, retire, stab in the back, cleft, extreme, harrowing, searing, extremely painful, fissure, intense, chop, acute, go, savage, hew, agonizing, retreat

Dollar:

Meanings of Dollar:
  1. The base currency is used in many countries in the United States, Canada, Australia and the Pacific, Caribbean, Southeast Asia, Africa and South America.

Sentences of Dollar
  1. Does this mean that the price of oil in pounds or euros has not risen as dramatically as the dollar?

Plans:

Meanings of Plans:
  1. Make your decision and make the necessary arrangements in advance.

Sentences of Plans
  1. He had planned the garden from the beginning

  2. Road map

Synonyms of Plans

idea, agenda, make a drawing of, master plan, game plan, aim, formula, frame, organize, schedule, chalk out, target, arrange, concoct, goal, ploy, map out, outline, draw up a layout of, develop, scheme, scenario, make a representation of, aspiration, intention, system