Definition of "Split funded plan"

Christine  Stevens, <br>Associate Real Estate Broker<br> CBR, CHMS real estate agent
Christine Stevens,
Associate Real Estate Broker
CBR, CHMS, Real Estate Agent
Coach Real Estate - Smithtown

Retirement arrangement in which contributions are divided between allocated (insured) and unallocated funding instruments (an uninsured plan). It seeks to combine the advantages of guarantees-of-income of the allocated funding instrument with the investment flexibility (and possible higher yields) of an unallocated funding instrument. For example, 60% of contributions could be placed in a retirement income policy (or other permanent life insurance policy) and 40% in a deposit administration plan (or other fund held and invested by a trustee).

 

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