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split-dollar insurance

American  
[split-dol-er] / ˈsplɪtˈdɒl ər /

noun

  1. life insurance in which someone helps pay the premiums for another, as when an employer contributes to the premiums of an employee's policy.

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.