Oregon Split-Dollar Insurance Agreement with Policy Owned Jointly by Employer and Employee is a financial arrangement where the employer and the employee enter into an agreement to jointly own a life insurance policy. This arrangement generally involves the employer paying a portion of the insurance premiums while the employee pays the remaining portion. Split-dollar insurance is a common method used by employers to provide their key employees with valuable life insurance coverage. It is often used as a retention tool or as a means to help executives and other high-level employees protect their families financially. In the state of Oregon, there are different types of Split-Dollar Insurance Agreements with Policy Owned Jointly by Employer and Employee. These agreements may vary based on the terms and conditions set forth by both parties involved. Let's explore a few of these types: 1. Traditional Split-Dollar Agreement: This is the most basic form of split-dollar agreement where the employer and the employee mutually agree to share the premium payments and the benefits of the policy upon the employee's death. The agreement may specify the percentage of ownership or premium payments assumed by each party. 2. Endorsement Split-Dollar Agreement: In this type of arrangement, the employer pays the premiums and is the sole owner of the policy. However, the employee receives a contractual right to a portion of the policy's cash value or death benefit. The employer typically recovers its premium payments upon the employee's death. 3. Collateral Assignment Split-Dollar Agreement: Here, the employer takes out a loan to pay the premium costs, and the policy is assigned to a financial institution as collateral for the loan. The employee retains the rights to a portion of the policy's cash value or death benefit. The employer's loan is repaid upon the employee's death. These are just a few examples of Oregon Split-Dollar Insurance Agreements with Policy Owned Jointly by Employer and Employee. The specifics of these agreements can be customized based on the unique needs and preferences of both the employer and the employee. It is essential to consult with a qualified insurance professional or attorney to ensure compliance with state laws and to fully understand the benefits and implications of entering into such an agreement.