Delaware Investments’ Retirement Financial Services launched ExecutiveSolutions, a group of variable universal life funds targeting small and midsized retirement plan sponsors that want to offer key executives a supplemental retirement plan. ExecutiveSolutions will target companies with executives who have reached the limit for contributing to 401(k) plans.
The program, modeled after supplemental retirement plans offered by many large corporations, will permit tax-deferred accumulation of earnings; allow premium payments to be directed into variable investment accounts; allow for a steady stream of income; and provide a death benefit that passes to beneficiaries, tax free.
