Principal® Pivot Series variable annuity

One product. Every stage of life.

Life is full of changes, and we learn to change with it.  Adapting our financial goals is no different.

Principal® Pivot Series (Pivot) can help. It's a lifecycle product that can adapt with your clients through every step of their financial planning journey.

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One product. Every stage of life.

Life is full of changes, and we learn to change with it.  Adapting our financial goals is no different.
 

Principal® Pivot Series (Pivot) can help. It's a lifecycle product that can adapt with your clients through every step of their financial planning journey.

Benefits of Pivot

Investment strategy

Pivot allows clients to personalize their investment strategy, including a plan that’s 100% equities. And because Pivot is a lower-cost annuity, your clients can design a well-balanced portfolio for a total annual cost under 2.00%.

 

There are no extra fees or taxes just for moving money between subaccounts. Clients have over 80 quality investment funds to choose from and can reallocate at any time with no extra cost.

Tax-deferral

Money put into Principal® Pivot Series is a tax-deferred investment. It allows clients to avoid paying taxes on their account’s investment gains until they withdraw money, which can have a powerful impact on your client’s potential investment gains and future income.

Financial legacy

Principal® Pivot Series offers both standard and optional enhanced death benefits, none of which require underwriting. Plus, all proceeds pass outside of probate.1

 

Clients can further personalize a legacy plan by setting up a trust-owned annuity. Both grantor and non-grantor trusts can be utilized with Pivot. And if Pivot is set up with nonqualified money, it can still be used as an inherited IRA stretch, allowing another way to create generational wealth.

Secure future guaranteed income

A lifecycle product like Principal® Pivot Series allows your client to adapt their investment strategy as their life changes. That includes moving into retirement. Pivot’s Flexible Pension Builder Rider offers a seamless transfer from accumulation to income. 

Pivot resources

Principal® Pivot
Series

Principal® Pivot Series
product guide

Investment
performance

Pivot investor
guide

Invest now. Create
income later

1 As long as estate isn’t the beneficiary.

Copyright 2023 Morningstar, Inc. All rights reserved. Part of the investment data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Tax-qualified retirement arrangements, such as IRAs, SEPs and SIMPLE-IRAs are tax deferred. You derive no additional benefit from the tax-deferral feature of the annuity. Consequently, an annuity should be used to fund an IRA, or other tax-qualified retirement arrangement, to benefit from the annuity's features other than tax deferral. These features may include guaranteed lifetime income, death benefits without surrender charges, guaranteed caps on fees and the ability to transfer among investment options without sales or withdrawal charges.

For financial professional use only. Not for distribution to the public.


Annuity products and services are offered through Principal Life Insurance Company. Principal Variable Contracts Funds are distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC, and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, Iowa 50392, principal.com.


Guarantees are based on the claims-paying ability of the issuing insurance company.


All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. Policy guarantees and benefits are not obligations of, nor backed by, the broker/dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.


Contract rider descriptions are not intended to cover all restrictions, conditions or limitations. Refer to rider for full details.


Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world.


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The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.
 

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