Corporate Owned Life Insurance


Definition of "Corporate-owned life insurance"

Shannon Anderson & Heather Trevilion
  Berkshire Hathaway HomeServices Don Johnson REALTORS

Insurance on the life of the employee, paid for by the company, with the company being the beneficiary under the policy. This insurance vehicle is being used more and more to fund postretirement employee plans, in which the cash values are listed as assets on the company's balance sheet.



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