Business insurance solutions

Business insurance solutions

Man and woman meeting in an office setting.

Helping owners protect their business, employees, and lifestyle

There’s a lot that goes into the success of a small to midsize business (SMB), and business owners may not have time to think about business transfer strategies, employee retention programs, or retirement planning when they’re focused on running the business.

Whatever the goal, SMBs need your help in establishing customized plans that can help them protect their business, employees, and lifestyle. A good conversation starter is to offer a review of needs in these three key areas. The information you gain can help guide your conversations about next steps in identifying their top planning opportunities and priorities.

After the sale, we save you time by focusing on the plan details for you and your clients. Our Business Market Administration (BMA) team takes care of the ongoing management of their employer-owned and employer-sponsored plans funded with life insurance throughout the life of the plan—including periodic plan reviews. And there are no fees for these services .

Business protection

Business protection involves implementing strategies to preserve, protect, and promote the value of a business. Could the business survive the loss of a key employee or owner?

Learn more about business protection
Business succession

What’s the value of the business? Is there a market for it? Do your prospects and clients have plans in place now to allow them to transfer their business to the right people, at the right time, for the right amount?

Learn more about business succession
Income protection

What if an owner or key employee becomes too sick or hurt to work? How will they replace their income, keep the doors of the business open, and protect their savings and retirement assets?

Learn more about income protection
Key employee retention and retirement

How will the business continue to recruit, retain and reward key employees to remain successful? Are the owner and key employees able to set aside enough money for retirement considering the limits placed on contributions that can be made to a qualified plan?

Learn more about Key Employee Retention & Retirement
Legacy and estate planning

Will the owner’s loved ones be able to maintain their standard of living if they’re not there? Is their will or trust current, and does it accurately reflect how they want their assets distributed? What about estate taxes? Numerous effective preservation techniques are available to help your clients successfully transfer wealth to their heirs while minimizing the impact of estate taxation.

Learn more about legacy & estate planning

Working with Principal®

We’re more than just products. It’s about the service you’ll receive from Principal and the experience, education, and ease of doing business.

To get started, contact the Business and Advanced Solutions team at 833-803-8345, or your internal sales team: 800-654-4278.

Footnotes

Administrative services for select deferred compensation plan asset/liability tracking and reporting available for a fee.

Important information

Insurance products issued by Principal National Life Insurance Company (except in NY), Principal Life Insurance Company®, and the companies available through the Preferred Product Network, Inc. Plan administrative services offered by Principal Life. 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.

For financial professional use only. Not for public distribution.