Here is a good article from BankDirector.com written by David Shoemaker and Ken Derks from Equias Alliance, LLC. Shoemaker is a CPA and the President of Equias and Derks is a principal with Equias. The Equias team has assisted over 800 banks in the design of nonqualified benefit plans, performance based compensation plans and bank owned life insurance.
The article, The Impact of Rising Interest Rates on BOLI, published July 10, 2015, expertly describes the different interest crediting methodologies for BOLI and how rising interest rates impact them.
Kelly Coughlin, CPA is the CEO of BankBosun and an independent consultant with Equias Alliance, LLC (“Equias”). Kelly provides a balanced consultative approach in the design, implementation and administration of bank owned life insurance (BOLI) and nonqualified deferred compensation (NQDC) plans that best serve clients’ objectives and needs.
Bank C-Suite officers are encouraged to contact Kelly Coughlin to discuss Bank Owned Life Insurance and Nonqualified benefit plans for their bank:
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