Products May 23, 2005

Guardian Releases EOLI Product

May 23, 2005 (PLANSPONSOR.com) - The Guardian Life Insurance Company of America, an employer owned life insurance (EOLI) provider, has unveiled a new EOLI product for nonqualified plan benefits.
Reported by

Guardian’s Executive Strategies Whole Life provides small business owners with an opportunity to accumulate an asset in the form of cash value on a tax-deferred basis, according to a Guardian news release.

The new EOLI product is funded with a whole life insurance policy designed for small business owners’ nonqualified plans covering from three to 25 employees, according to the announcement. Executive Strategies Whole Life policies will be available immediately in nearly all states and will be rolled out to remaining states over the next several months. 

Other features include streamlined underwriting, policy administration and a customized marketing kit available both in print and electronic format. More information about the company is at  www.GuardianLife.com.

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