Corporate-owned Life Insurance


Definition of "Corporate-owned life insurance"

Donna Malgran real estate agent
Donna Malgran, Real Estate Agent Coldwell Banker Hearthside

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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