Correction 2003Correction 2003
Due to an editing error, Paralyzed Over Split Dollar (March, p. 28), did not completely state which rates could be used when. While all plans implemented before final regulations are published can use insurance companies' published one-year term rates for 2003, only plans set up before Jan. 28, 2002, can use those rates for as long as they continue to be published. Our thanks to Dan W. Smith, advanced
May 1, 2003
Rorie M. Sherman Editor in Chief
Due to an editing error, “Paralyzed Over Split Dollar” (March, p. 28), did not completely state which rates could be used when. While all plans implemented before final regulations are published can use insurance companies' published one-year term rates for 2003, only plans set up before Jan. 28, 2002, can use those rates for as long as they continue to be published. Our thanks to Dan W. Smith, advanced markets specialist, Midwest Region Business Center of Principal Financial Group, for pointing out our error.
— Karen Angel, senior editor, helped prepare this briefing.
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