Endorsement split-dollar life insurance is: An insurance arrangement in which the employee pays the cost of the premium and the employee names the employer as the beneficiary. An insurance arrangement in which the employer and the employee share the cost of the life insurance on the employee and the portion of the premium that is paid by the employer is the value of the term life portion of the policy. An insurance arrangement in which the employee pays the majority of the premium while the employer names the beneficiary. An insurance arrangement in which the employer is the owner of the policy and is also the beneficiary to the extent of the premiums paid by the employer