<PAGE>
                                                                   Exhibit 10.11

                            NATIONAL CITY CORPORATION
                        SPLIT DOLLAR LIFE INSURANCE PLAN

                                    ARTICLE I

                            ESTABLISHMENT AND PURPOSE

          This Plan is established for the benefit of selected key Employees and
shall be known as the "National City Corporation Split Dollar Life Insurance
Plan." The purpose of the Plan is to provide Employer-financed split dollar life
insurance benefits in order to recruit and to retain selected key Employees
for the Employers.

                                   ARTICLE II

                                   DEFINITIONS

          The following words and phrases as used in the Plan have the following
meanings:

          2.1 "Affiliate" means any employer that is a corporation included
with National City Corporation in a "controlled group of corporations," as
defined in Code section 414(b), or an unincorporated business included with
National City Corporation in a group of trades or businesses under "common
control," as defined by regulations prescribed by the Secretary of the Treasury
under Code section 414(c).

          2.2 "Agreement" means a Split Dollar Insurance Agreement in the form
approved by the Committee.

          2.3 "Change in Control" means a change in control of the Company which
shall be deemed to occur if:

          (a) Any "group" or "person" (as defined in Sections 13(d) and 14(d)
of the Securities Exchange Act of 1934) other than the Company and its
subsidiaries considered as a group or person, directly or indirectly becomes
beneficial owner of securities of the Company representing a majority or more
of the outstanding voting securities of the Company; or

          (b) A merger of the Company into another company occurs wherein the
Company is not the surviving entity.


<PAGE>




          2.4 "Code" means the Internal Revenue Code of 1986 as amended from
time to time.


          2.5 "Committee" means the Incentive Compensation Committee or such
other committee as may be designated by the Company from time to time.

          2.6 "Company" means National City Corporation or any successor
thereto.

          2.7 "Employer" means National City Corporation and any Affiliate that
may be designated by the Company and by its own board of directors to
participate in the Plan with respect to its selected key Employees in accordance
with Section 6.1 hereof.

          2.8 "Employee" means an employee of the Employer (a) who is designated
in writing by the Committee to participate in the Plan and (b) on whose life the
Employer is able to purchase a Policy on terms and at a cost that are acceptable
to the Company in its sole discretion.

          2.9 "Participant" means either an Employee or, if the Employee so
elects and the Employer consents, the trustee or trustees of a trust established
by the Employee.

          2.10 "Plan" means the "National City Corporation Split Dollar Life
Insurance Plan" as set forth herein and as amended from time to time.

          2.11 "Plan Year" means the calendar year; provided that records with
respect to each individual policy under the Plan shall be maintained on the
basis of the applicable policy year.

          2.12 "Policy" means a life insurance policy issued by an insurance
company designated by the Company on the life of the Employee or a joint life
insurance policy on the life of the Employee and another individual designated
by the Employee and approved by the Company.

                                   ARTICLE III
                          ELIGIBILITY AND PARTICIPATION

          3.1 Agreements. In order to participate in the Plan, a Participant
shall enter into an Agreement with the Employer and execute an assignment of the
Policy as collateral (the "Collateral Assignment") in favor of the Employer on
such terms as shall be determined by the




                                       2
<PAGE>




Company in its sole discretion. The Agreement and the Collateral Assignment are
hereby incorporated into and made a part of the Plan. The Participant's
participation shall be conditioned on the Employee's effective waiver of certain
Employer provided welfare benefits.

          3.2 Policy. Each Agreement shall provide for the purchase of a Policy
from an insurance company. Both the identity of the insurance company and the
terms of the Policy shall be determined by the Company in its sole discretion.

          3.3 Benefits. All benefits paid under the Plan in respect of a
Participant shall be determined by the terms of the applicable Agreement.

          3.4 Multiple Agreements. An Employer and a Participant may enter into
more than one Agreement pursuant to the Plan.

                                   ARTICLE IV

                                 ADMINISTRATION

          4.1 In General. The Plan shall be administered by the Company, which
shall be the Plan's named fiduciary.

          4.2 Expenses. The expenses incident to the operation of the Plan,
including the compensating of attorneys, advisors, actuaries, and such other
persons providing technical and clerical assistance as may be required, shall be
paid by the Company.

          4.3 Powers of the Company. In addition to any implied powers and
duties that may be needed to carry out the provisions of the Plan, the Agreement
and the Collateral Assignment, the Company shall have the following specific
powers and duties in its sole discretion:

          (a) To make and enforce such rules and regulations as it shall deem
necessary or proper for the efficient administration of the Plan;

          (b) To interpret the Plan and to decide any and all matters arising
hereunder, including the right to remedy possible ambiguities, inconsistencies,
or omissions; provided that all such interpretations and decisions shall be
applied in a uniform and nondiscriminatory manner to all persons similarly
situated;


                                       3
<PAGE>


          (c) To compute the amount of benefits that shall be payable to any
Participant in accordance with the provisions of the Plan;

          (d) To appoint other persons to carry out such ministerial
responsibilities under the Plan as it may determine; and

          (e) To employ one or more persons to render advice with respect to any
of its responsibilities under the Plan.

          4.4 Finality. To the extent permitted by applicable law,
determinations by the Company and any interpretation, rule or decision adopted
by the Company under the Plan, the Agreement, or the Collateral Assignment or in
carrying out or administering the Plan shall be final and binding for all
purposes and upon all interested persons, their heirs and personal
representatives.

          4.5 Benefit Claims Procedure. A claim for a benefit under the Plan by
any person shall be filed in the manner and governed by the procedures set forth
in the Agreement.

                                    ARTICLE V

                                   AMENDMENTS

          The Company by joint action of its Chairman, President or Deputy
Chairman and any one of its Vice Presidents may modify, amend, suspend or
terminate the Plan at any time prior to a Change in Control.

                                   ARTICLE VI

                                  MISCELLANEOUS

          6.1 Participation by Affiliate. The Company may designate an
Affiliate to become an Employer under the Plan. Such Affiliate shall become an
Employer as of an effective date designated by the Company and shall be subject
to the provisions of the Plan.





                                       4
<PAGE>


          6.2 Incapacity. If the Company determines that any person entitled to
benefits hereunder is unable to care for his affairs because of illness or
accident, any payment due (unless a duly qualified guardian or other legal
representative has been appointed) may be paid for the benefit of such person to
his spouse, parent, brother, sister or other party deemed by the Company to have
incurred expenses for such person.

          6.3 Required Information. Any person eligible to receive benefits
hereunder shall furnish to the Company any information or proof requested by the
Company and reasonably required for the proper administration of the Plan.
Failure on the part of any person to comply with any such request within a
reasonable period of time shall be sufficient grounds for delay in the payment
of any benefits due under the Plan until such information or proof is received
by the Company. If any person claiming benefits under the Plan makes a false
statement that is material to such person's claim for benefits, the Company may
offset against future payments any amount paid to such person to which such
person was not entitled under the provisions of the Plan.

          6.4 Policy Claims. Any claim for benefits under a Policy shall be
subject to and governed by the terms of the Policy.

          6.5 No Right To Employment. Nothing in this Plan or any Agreement
shall be deemed to constitute a contract of employment or to give any Employee
the right to be retained in the service of the Employer and the Affiliates or to
interfere with the right of the Employer and the Affiliates to discharge any
Employee at any time without regard to the effect that such discharge may have
upon the Employee under the Plan.

          6.6 Withholding Taxes. The Company may make any appropriate
arrangements to deduct from all amounts paid under the Plan any taxes required
to be withheld by any government or government agency. The Employee shall pay
all taxes on amounts paid under the Plan to the extent that no taxes are
withheld, irrespective of whether withholding is required.

          6.7 Gender and Number. In order to shorten and to improve the
understandability of the Plan document by eliminating usage of such phrases as
"his or her" and "Employer or Employers," any masculine terminology herein shall
also include the feminine and neuter, and the definition of any term herein in
the singular shall also include the plural, except when otherwise indicated by
the context.




                                       5
<PAGE>




          6.8 Headings. Any headings used in this instrument are for convenience
of reference only and are to be ignored in the construction of any provision
hereof.

          6.9 Severabi1ity. If any provision of the Plan shall be held illegal
or invalid for any reason, such illegality or invalidity shall not affect the
remaining parts of the Plan, and the Plan shall be construed and enforced as if
such illegal or invalid provision had never been inserted herein.

          6.10 Governing Law. The Plan shall be construed, administered and
regulated in accordance with the laws of the State of Ohio, except to the extent
that such laws are preempted by Federal law.

          6.11 Effective Date. The Plan shall be effective as of January 1,
1994.


                                        NATIONAL CITY CORPORATION
Date: December 27, 1993

                                    By: /s/ William R. Robertson
                                        -------------------------------------
                                        William R. Robertson, Deputy Chairman


                                       6