Strategies for Businesses Great Life Trust Irrevocable Life Insurance Trust Funding Stock Redemption Buy-Sell Agreement Non-qualified Deferred Compensation Plans Qualified Pension & Profit Sharing Plans 401(k) Plans Wait and See Buy-Sell Agreement Trusteed Cross Purchase Buy-Sell Agreement Cross Purchase Buy-Sell Agreement Supplemental Employee Retirement Plans (SERP) Split Dollar Plans Entity Purchase Buy-Sell Agreement
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This product offers an Irrevocable Life Insurance Trust “ILIT” the opportunity to purchase life insurance with loans from the business. The ILIT owns the policy and is the beneficiary. Interest is charged on the loans and the arrangement is structured to conform to IRS Notice 2002-8 Split-Dollar Life Insurance Arrangements. This program is ideal for family members who are employed by the business. These arrangements can also be set up privately where an individual loans money for the purchase of life insurance and charges interest. This arrangement is ideal when the life insurance premium exceeds allowable annual gift exclusions. Only the interest charges need to be “gifted” to the Irrevocable Life Insurance Trust benefiting from the loan and paying the premiums.
Contact Us
For more information on Life Insurance and Life Settlements contact our Consulting team at
1-(877) EAGiLife
1-(877) 324-4543
By Email
financial@eagil.com
