More companies are funding their executive retirement plans with corporate-owned life insurance policies.[@@]

When researchers in the Los Angeles office of Clark Inc. surveyed Fortune 1000 earlier this year, they found that 70% of the respondents are funding nonqualified deferred compensation plans using COLI, up from 63% in 2004.

The percentage of survey participants using COLI to fund supplemental executive retirement plans has increased to 74%, from 64%, Clark researchers report.

Penetration of SERPs ranged from just 83% at health care companies surveyed to 100% at the utility companies.