Cohan PLLC’s clients provide a wide range of complex financial services for some of the largest companies in the world, including: nonqualified deferred compensation plan (NQDC”) administration services via a proprietary administration system; NQDC liability hedging administration; Bank/Business Owned Life Insurance (“BOLI”) policy administration services for life insurance carriers; Stable-Value Protection administration services for SVP providers providing SVP products for BOLI policies; Investment fund administration services for life insurance carriers and investment funds; and BOLI and institutional group annuity marketing and distribution through a wholly-owned registered broker/dealer.
Cohan PLLC advises clients, including insurance companies, broker-dealers, investment advisors, and product administrators, on a variety of complex transactions, business arrangements, investment and insurance products, and executive compensation matters under state and federal securities laws, FINRA regulations, state insurance laws, IRC 409A, and ERISA.
Cohan PLLC has experience working with actuaries and in-house legal counsel related to the design, marketing, and sale of group variable insurance products, individual and group annuities, BOLI/COLI, stable value wraps, synthetic instruments, pension solutions, NQDC plans, and other innovative financial solutions.
Tax Issues and 1035 Exchanges
Cohan PLLC has experience with tax issues related to NQDC plans and the tax qualification of annuities and life insurance contracts. Cohan PLLC also has experience interpreting novel issues related to the impact of 1035 Exchanges on life insurance products and their continued qualification as life insurance products under state and federal insurance laws.
Compliance Oversight and Best Practices
Cohan PLLC has experience dealing with administrative and operational compliance related to insurance products and NQDC plans, with state and federal regulatory requirements, and with the development of in-house best practices.
Cohan PLLC regularly advises clients on a variety of interpretive issues regarding novel products as it relates to compliance with the federal and state securities laws. Cohan PLLC also has experience dealing with rating agencies such as Moody’s as it relates to their rating practice.