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Corporate-Owned Life Insurance (for Nonqualified Deferred Compensation)

Nonqualified deferred compensation (NQDC) plans can help business owners attract and keep high-performing employees. And corporate-owned life insurance (COLI), including Principal Executive Variable Universal Life IIISM (Executive VUL III), offers an attractive way to informally finance these plans. It features a valuable death benefit that can be used by the employer to recover plan costs or to provide survivor benefits. And it also offers tax-deferred cash-value buildup.

Executive VUL III insurance can help businesses finance plans of all sizes, with benefits including:

  • Priced and designed specifically for deferred comp plans
  • Quality investment options
  • Full and business underwriting
  • Comprehensive plan administration platform

Executive VUL III is approved in all states.​​​​​

Important Information

Before investing in variable life insurance, investors should carefully consider the investment objectives, risks, charges and expenses of the policy and the underlying investment options or online at www.principal.com. This and other information is contained in the free prospectus and, if available, the summary prospectus that can be obtained from your local representative or online at www.principal.com. Please read the prospectus and, if available, the summary prospectus carefully before investing.

Variable life insurance is subject to market risk, including the potential loss of the principal invested.

No investment strategy such as asset allocation or diversification can guarantee a profit or protect against loss in periods of declining value.

In exchange for the death benefit, life insurance products charge fees such as mortality and expense risk charges and surrender fees.

Contract rider descriptions are not intended to cover all restrictions, conditions or limitations. Refer to rider for full details.

Insurance products issued by Principal National Life Insurance Co. (except in NY) and Principal Life Insurance Company®. Plan administrative services provided by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC, and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.​

All guarantees are subject to the claims-paying ability of the issuing insurance company.

For financial professional use only. 


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