NU Online News Service, April 5, 2005, 5:11 p.m. EDT

A Des Moines, Iowa, insurer has added to its menu of options for consumers who are trying to fine-tune their exposure to market-fluctuation risk.[@@]

The insurer, a unit of Principal Financial Group Inc., has rolled out the Investment Protector Plus rider, a rider available with Principal’s new Principal Investment Plus Variable Annuity contract.

Consumers who buy the rider with the annuity can withdraw up to 5% of their investment each year for life or 7% each year for about 14 years.

The rider also increases investors’ guaranteed withdrawal benefit by 5% for each year they avoid taking withdrawals during the first 5 years of their contract. That feature can increase purchasers’ guaranteed withdrawal amount up to 125% of the principal invested.