1. A method for identifying and administering a deferred award instrument plan in order to reduce individual income and estate taxes implemented through a computer system, said method comprising the steps of: identifying at least one employee for an employer in said deferred award plan; retrieving financial data related to stock options corresponding to said identified employee; computing a spread associated with said retrieved stock options; establishing a rabbi trust with said spread; determining whether an individual life insurance policy has been purchased by said employee; enabling under control of said employer said employee to purchase stock or other investments through said purchased life insurance policy; determining whether a split dollar agreement has been executed; monitoring whether said employer has paid at least one premium for said individual life insurance policy; notifying said employee that a payment associated with said life insurance policy has been paid; allowing said employee to borrow funds accumulated in said life insurance policy up to a limit set forth in said split dollar agreement, said limit reflecting said employee's stock options; and reporting to said employee an amount of tax savings; representing said deferred award instrument plan by: inputting models factors based on actual performance; retrieving human resource data; retrieving stock option data; retrieving fair market value information relating to said stock option data; computing company cost and length of program; and storing said retrieved and computed data.