Split Dollar Agreement (Genie AI)

The Split Dollar Agreement (Genie AI) is a legal template that outlines the terms and conditions governing a split dollar life insurance arrangement facilitated through AI technology. This type of agreement commonly involves an employer and employee entering into a mutually beneficial arrangement to share the cost, ownership, and benefits of a life insurance policy. The template outlines the roles and responsibilities of both parties, clarifies the premium payment structure, defines each party's rights to any cash value or death benefit, and establishes the procedures for termination or modification of the agreement. This legal document ensures transparency, protects the rights of both parties, and provides a framework for successfully implementing and managing a split dollar arrangement assisted by Genie AI, an artificial intelligence platform designed to streamline and automate various aspects of the process.