Institutional Income Annuities
Running out of money is the #1 fear that 42% of Americans have about retirement1. Almost two-thirds of employees nearing retirement would prefer to turn to their employer for direction2. Unfortunately, only 37% of plan sponsors say they currently offer retirement phase guidance3. This can change!
Income annuities can provide an effective retirement income management solution. They provide the only available source of guaranteed income for life, without increasing your administrative or fiduciary burden.
Principal Income ProviderSM is a unique suite of guaranteed retirement income annuities that can benefit you and your employees.
Read more about this solution:
- DOL criteria for choosing an annuity provider
- Principal Income Provider overview
- Voluntary Rollover Income option
- Administrative Fact Sheet
- Terminal Funding - Single Premium Guaranteed Annuity Solution
A service provider who works for you
The Principal Financial Group® (The Principal®) has a strong capital base, professionally managed investment options, and a diverse earnings base, all of which are highlighted, along with our ratings in The Principal Company Profile.
Our experienced staff and commitment result in outstanding service. We:
- Provide guaranteed retirement income solutions to participants in more than 40,000 retirement plans, serving nearly 3 million individuals
- Process 2.6 million benefit payments annually to approximately 240,000 retirees
- Provide access to top-notch educational tools and knowledgeable retirement specialists
When you're ready to offer a source of guaranteed retirement income to your employees, count on The Principal to help you keep your promises. Contact your local representative of The Principal or call 1.877.492.9830.
Insurance products and plan administrative services are provided by Principal Life Insurance Company, a member of the Principal Financial Group, Des Moines, IA 50392.
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1 Retirement Confidence Survey, EBRI 2005
2 Consumer Preference for Retirement Planning Advice, LIMRA International 2004
3 The Role of Annuity Payout Options in 401(k) Plans, LIMRA International 2005
4 2004 Principal Survey of 10,000 retiree
