The Guardian Life Insurance Company is offering a new employer-owned life insurance product aimed at nonqualified benefit plans.[@@]
The product, Executive Strategies Whole Life, is funded with a whole life insurance product designed for small business owners’ nonqualified plans covering 3 to 25 employees.
James Suslavich, a Guardian vice president, says the company designed the new product to provide higher cash values and offer a paid-up additions rider. The structure allows customers to arrange the funding of their nonqualified plans flexibly to fit their specific needs.