PART 1--COURSE OBJECTIVES
After you have completed this course you will be able to do the following:
- Identify the planning situations in which a nonqualified deferred-compensation plan
should be used.
- Compare and contrast the various types of nonqualified deferred-compensation plans.
- Identify the various design provisions that can be inserted in a nonqualified
deferred-compensation plan.
- Discuss the best ways to use executive-bonus life insurance programs.
- Compare nonqualified plans with qualified plans.
- Discuss the tax and funding implications of a nonqualified plan.
- Discuss the application of ERISA to nonqualified plans.
- List the reasons why life insurance is used to fund a nonqualified plan.
- Discuss the installation and administration concerns for qualified plans.