1. Harriett E. Jones, Principles of Insurance: Life, Health, and Annuities, Third Edition, Atlanta: LOMA (Life Office Management Association, Inc.), 2005, 124–126.
2. Another arrangement, often called sole-owner split dollar, may be used in some cases. Here, all ownership rights are held by a third-party owner and there is a separate agreement between the owner and the employer.
3. It may be noted, however, that pursuant to the Tax Reform Act of 1997 the corporate alternative minimum tax (AMT) no longer applies to “small business corporations” for tax years beginning after 1997. “Small business corporations” generally are those whose initial average gross receipts do not exceed $5 million and thereafter do not exceed $7.5 million. Thus, for these ...
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