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                                                                    EXHIBIT 10.7


                      PREFORMED LINE PRODUCTS COMPANY

                  EXECUTIVE LIFE INSURANCE PLAN - SUMMARY

1.       The Plan covers certain PLP employees as designated by PLP. Employees
         may be added to the Plan at the discretion of PLP.

2.       The Plan provides a life insurance death benefit to participating
         employees by means of an individual life insurance policy.

3.       The individual policy is issued to replace the PLP group term life
         insurance in an amount equal to the scheduled amount of group life for
         which employees are eligible.

4.       Additional individual policies may be added periodically or additional
         amounts of insurance for which employees are eligible may be acquired
         under the group life plan subject to underwriting approval which may be
         required by the insurance companies.

5.       PLP will pay all premiums on the executive life policies; that portion
         of the premium that represents the economic value of the current life
         insurance protection which the employee receives will be taxable as
         income to the employee according to IRS regulations.

6.       The employee will have the right to designate a personal beneficiary of
         the death proceeds of the policy.

7.       PLP will also have an interest in the policy equal to the policy's cash
         value.

8.       If the employee dies while the Plan is in effect, PLP will be entitled
         to receive its interest from the policy proceeds. The remainder of the
         policy proceeds will be paid to the beneficiary who has been named in
         the policy.

9.       In the event of disability, the Plan will continue in full force with
         premiums continuing to be paid by PLP until the employee reaches age
         sixty-five (65).

10.      Upon retirement or other termination of employment or upon termination
         of the Executive Life Insurance Plan for any reason, PLP may recover
         its interest in the policy cash values and will transfer the policy to
         the employee subject to any policy loan or make any other disposition
         of the policy as may be agreed to between PLP and the employee.