The Principal Releases Income Annuity Resource for Advisers

The new Income Annuity Training Guide from the Principal Financial Group helps financial professionals understand how to offer income annuities as part of a retirement income strategy, the company said.

“With the shrinking role of Social Security and the number of defined benefit pension plans waning, income annuities remain one of the only sources of guaranteed, lifetime income,” said Steve Becker, vice president, Business Development—Annuity Services at The Principal, in a news release. “Our new guide helps financial professionals deepen their understanding of income annuities and meet growing client demand for a retirement income that won’t be rocked by market turmoil.”

The guide covers:

  • risks retirees face;
  • benefits, value-added features, and tax implications of income annuities;
  • income annuity strategies: blending income annuities with other investments.

The Income Annuity Training Guide is part of the Principal Retirement Income Edge , a program equipping financial professionals with education, tools, and other resources to help meet client needs and grow their retirement income planning business (see “Principal Offers Retirement Income Planning Tools for Advisers“).