The IRS regulates these arrangements under two primary regimes based on who owns the policy: What is Split Dollar Life Insurance? | Guardian
: A contract defines which party owns the policy, who pays the premiums, and how the death benefit and cash value are divided. The Split : split-dollar life insurance
: Upon the employee's death, the employer is typically repaid its premium contributions first, while the employee's beneficiaries receive the remaining balance. The IRS regulates these arrangements under two primary
