February 11, 1999
Major Marketer of 'Split-Dollar' Insurance Amends Several of Its Plan's Provisions
A California company is making changes in its approach to a controversial giving technique in which charities and wealthy donors divide the proceeds of life-insurance policies purchased with tax-deductible dollars.
InsMark, a San Ramon, Cal., company that is among the nation's most aggressive marketers of so-called charitable split-dollar plans, will require new policy holders of its Charitable Legacy Plan to pay charities a lump sum of cash if an insurance
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