NU Online News Service, Dec. 22, 2004, 5:28 p.m. EST

Paragon Life Insurance Company wants to show employers how they can use life insurance to provide supplemental savings programs for highly paid employees.[@@]

The company, a unit of MetLife Inc., New York, has posted a new, free guide to group variable universal life insurance on the Web at

A properly designed GVUL program can provide permanent life insurance for highly paid employees while helping them save more income than they normally can contribute to ordinary retirement plans, MetLife says.