Midland National® Life Insurance Company
Sales Concept:
Endorsement Split Dollar
Split dollar plans are arrangements between two or more parties, usually an employer and employee, to purchase and share the costs and benefits of a life insurance policy. Learn more about what these types of cases, using an endorsement benefit design, have to offer.
Consumer Brochure
Opens in a new window.Opportunity Tracker
Opens in a new window.Split Dollar Checklist
Opens in a new window.Split Dollar Client One-Sheet
Opens in a new window.Endorsement Split Dollar Forms
View and download the below forms for an endorsement split dollar case design to submit alongside the application, to help alleviate the need to go back to your client for additional requirements.
Split Dollar - Economic Benefit Certification
Opens in a new window.Notice of Employer Intent (COLI)
Opens in a new window.Certification of Business Signing Authority
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Sales Concept:
Executive Bonus
Sales Concept:
Buy–Sell
Sales Concept:
Key Person
Under an endorsement split dollar arrangement, your client enters into an agreement with their employer. Midland National is not a party to this agreement and Midland National’s only obligation is to administer the policy it issues consistent with the policy’s terms and conditions.
Under an endorsement split dollar arrangement, the value of the life insurance afforded the employee is taxable to the employee. The employer should provide the employee with tax reporting based on requirements specified in the tax code. The parties to the endorsement split dollar arrangement should seek their own independent legal and tax advice as to whether and how to enter into an endorsement split dollar arrangement based on the employer’s and employee’s unique circumstances.
Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including Midland National® Life Insurance Company. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Midland National Life Insurance Company.
FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.
917MW‑21
FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.
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