Corporate-owned Life Insurance


Definition of "Corporate-owned life insurance"

Nina Avery real estate agent
Nina Avery, Real Estate Agent Realty One Group Dockside

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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