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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 01, 2004 at 07:00 PM
NU Online News Service, Dec. 1, 2004, 3:49 p.m. EST
A large insurer has enlisted in the battle to protect the retirement income of disability claimants.[@@]
Principal Financial Group Inc., Des Moines, Iowa, has introduced the Principal Disability Insurance Retirement Security program.
The program offers individual disability customers a separate individual disability income policy for an extra layer of protection. Instead of directly replacing a disabled insured’s income, the program replaces retirement plan contributions by paying disability income insurance benefits to an irrevocable trust. The insured can manage the investments in the trust. At the end of the benefit period, the trust distributes the assets to the insured.
Principal issues the retirement security program and other individual disability coverage through its Principal Life Insurance Company unit.
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