split-dollar insurance: Meaning and Definition of

split'-dol'lar insur"ance

Pronunciation: (split'dol'ur), [key]
  1. life insurance in which someone helps pay the premiums for another, as when an employer contributes to the premiums of an employee's policy.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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