Pss Cost Method Of The Split Dollar Life Insurance Plan


Definition of "Ps-s8 cost method of the split dollar life insurance plan"

Lee Schostak
  RE/MAX Classic

Payment of that portion of the annual premium by the employee necessary to cover the PS-58 cost for that given year. Any unpaid premium balance for that particular year is paid by the employer.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

In Rem

Against the thing. A legal term describing proceedings against property in contrast to a proceeding ...

Balloon Payment

Last installment payment, substantially greater than the previous installment payments. The unpaid b ...

Income

Money earned or accrued during an accounting period that results in the increase in total assets ...

Earnest Money

A deposit in advance of the down payment on a real estate purchase as an indication of god faith. Se ...

Long-term Disability Income Insurance

Coverage that provides monthly income payments for as long as an insured remains disabled. The insur ...

Radiator

Exposed heating unit located within a room that transfers heat generated by hot water or stream thr ...

Related Real Estate FAQ

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is Disability Insurance?

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

6 Reasons you are not selling properties When to Dispute Your Home Appraisal 7 Things to Consider Before Moving to a New City When to buy a house How To Choose A Realtor

FAQ

What are discount points? What is a lease purchase mortgage? What is cooperative? What is a mortgagee? What is a FHA mortgage?