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Split-dollar life insurance arrangements: Basics, advantages, and disadvantages

Split-dollar arrangements are commonly used in business contexts but also can be advantageous in other situations, for example between an asset owner and a trust or between parents and their children. This article from The Nautilus Group explains how the strategy works and the advantages it can provide when two parties share the costs and benefits of life insurance.

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The Nautilus Group® is a service of New York Life Insurance Company. New York Life Insurance Company and its affiliates and agents and employees thereof do not provide tax, legal, or accounting advice. Individuals should consult with their own tax, legal or accounting professionals before implementing any planning strategies. SMRU 5018918 Exp. 04/30/2028

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