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At the same time that the big money men on Wall Street resumed their multimillion dollar bonuses, John Martin, chairman of Pension Benefit Insurance Services Inc., came up with a way to protect the little guy who may have seen his 401(k) retirement account reduced by half.

Martin pointed out that, in this difficult economy, it's common for employees to borrow against a pension account. Then the worst happens--death or disability--leaving the spouse or the employee without retirement savings.

Martin's solution is fairly simple. An insurance product would pay the balance of any loans outstanding on a 401(k), for example, if the employee died. Or, in the case of a disability, it would cover monthly loan payments for as long as the employee is disabled.

The idea is innovative in its simplicity and "responsible" to its clients, who are the "little guys" who may well be human fallout from a far bigger financial catastrophe.

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