Principal Financial Group launched the Principal Benefit Design Tool, an online resource that provides a comparison point for group dental, short-term disability, long-term disability and life insurance. Advisors can help small businesses benchmark group benefit features or business owners can use the tool on their own.
With a minimal amount of information, the tool provides a customized report focused on how the particular organization’s benefit designs compare to peer businesses. The tool is easy to use via desktop computer, or any tablet and a report is ready in just a few minutes.
In other industry news:
Minnesota Life, a subsidiary of Securian Financial Group, introduced the Index Crediting Bonus for new and existing policies. When applied, it provides a 1 percent annual bonus based on index credits received over a 120-month rolling period. Minnesota Life may apply the credit to the accumulation value which compounds each year and could help raise index credits and distribution amounts.
Existing Eclipse Protector policies with the Death Benefit Guarantee Agreement were also enhanced with the Performance Death Benefit Guarantee Agreement at no additional charge. Additional enhancements that benefit certain existing policyholders include more index options, dollar cost averaging, the opportunity to switch between fixed and variable loans and systematic distributions.
AssuredPartners of Ohio, through its Dawson Companies platform, completed the acquisition of Dwyer Franchise Insurance International Inc.
Dwyer is a division of Luce, Smith & Scott Inc., and provides insurance programs for the franchise industry. The Cleveland-based agency offers insurance solutions and risk management counseling for the service, retail and wholesale, auto, and professional segments of the franchise business industry.
The American College launched AnalystSuccess.com, a mobile launch pad with high-impact CFA Level I prep packages. Candidates studying for the June 2014 Level I exam are now able to pre-purchase educational toolkits that will be released on Nov. 4.