NU Online News Service, Nov. 1, 3:15 p.m. – The Principal Financial Group, Des Moines, Iowa, today introduced a financing vehicle for nonqualified deferred compensation plans for small and growing companies.
The company calls the new product Benefit Variable Universal Life and bills it as part of its portfolio of corporate owned life insurance products.
The plan is a small-employer version of Principal’s Executive VUL product, which it released in June for larger-premium COLI cases.