Câu lạc bộ BJJ Hà Nội, 75 - Đặng Văn Ngữ
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Split Dollar Agreement Life Insurance

High net worth individuals may also enter into agreements called split-dollar private life insurance agreements. These private agreements often include an irrevocable life insurance trust or ILIT. Therefore, for each year in which the life insurance agreement is in force, E must include in the gross income referred to in paragraph (d)(1) of this Section the value of the current life insurance coverage referred to in paragraph (d)(2)(i) of this Section, which is provided annually to E. The estate also argued that Section 2703(a) applied only to options or purchase-sale agreements. The court found that this was not the case and stated that the estate did not cite any authority and that the plain language of Article 2703(a) was not so limited.