Nonqualified plans and BOLI/COLI plans exist in a highly regulated environment. Recently, there have been significant legislative and regulatory changes and new accounting rules that can impact any plan or program -- regardless of how long it has been in place. In addition, insurance carrier and product options have changed rapidly over the past few years for plans funded with life insurance. To help ensure your plans continue to thrive and meet shareholder objectives, all plans and programs should be reviewed on a regular basis.

We can help you review your plans for compliance with current guidance (i.e., bank regulatory statements and FASB issuances) and legislation (i.e., COLI Best Practices Act and Internal Revenue Code Section 409A). Since we cannot practice law or accounting, we work closely with your legal, tax, and accounting advisors during the review process. We can also help you analyze your existing life insurance to ensure you are getting overall value that meets the program objectives.