The Principal Financial Group Unveils COLI Financing Options: Employee benefits provider and 401(k) administrator the Principal Financial Group has introduced Benefit Variable Universal Life, a financing vehicle for nonqualified deferred compensation plans for both smaller and growing companies.
The Benefit VUL offering completes Principal Life Insurance Co.’s portfolio of corporate-owned life insurance products. In June, Principal Life rolled out its Executive VUL product, which was designed for larger premium COLI cases. The Benefit VUL provides a COLI product in line with the design and pricing requirements of smaller plans.
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