New solutions for a new year

Enhanced Principal^® Deferred Compensation – Select Reward

Help businesses attract and retain top talent. Principal Deferred Comp – Select Reward plans are nonqualified plans that offer benefits for employers and the key employees they select to participate. The plan provides the participating employees with additional benefits to help supplement their other retirement income sources, such as qualified plans, and can encourage the employees to stay for the long term.

We’re excited to announce a new, flexible plan design for Select Reward that offers the option for your business owner clients to define the reward bonus to employees in either of two ways:

• A specified lump sum
• A future benefit based on the cash value of the life insurance policy used to informally finance the plan

View Employer Summary (for-profit)  |  View all marketing materials

We’ll help you every step of the way with a comprehensive suite of marketing materials to use with either for-profit or tax-exempt organizations. And you have access to our Business and Advanced Solutions team of experts to support your plan design and implementation efforts.

Enhanced Principal^® Business Needs Assessment

This innovative, digital resource allows you to approach more business clients and prospects so they can uncover planning needs to help protect their financial well-being and prepare for the future. Simply navigate to our new landing page specifically for financial professionals. You can choose from two approaches to connect with business owners:

• Send an email to have them complete these assessments on their own. Then, their results will automatically be emailed back to you for your follow up with them.
• Access a direct link that allows you to complete these assessments virtually or in-person with your clients or prospects.

Either way, your clients can complete personalized assessments for three key areas—protecting their business, protecting their employees, and protecting their lifestyle. And you gain information to help guide your conversations with them about next steps in identifying their top planning opportunities and priorities.

Learn more  |  Use it today