Pivot resources
A standard death benefit is automatically issued with Pivot contracts, and clients also have the option of choosing between two enhanced death benefit options.
The death benefit can be an important feature for clients who want to help provide financial security to their beneficiary(ies) but are uninsurable through traditional life insurance. Our death benefits require no underwriting.
Our enhanced annual step-up death benefit allows clients to use potential annual gains in their account value to create a greater guaranteed death benefit.
Trusts are a popular way for clients to help provide a financial legacy for their beneficiaries. Many trusts are set up to distribute earnings every year, which can result in significant tax burdens. A trust-owned annuity, however, offers many of the same benefits as an individual annuity might:
Both grantor trusts and non-grantor trusts can be used to set up trust-owned
annuities. These trusts offer an option called the “pass-in-kind” strategy that allows
the trust to keep earnings invested and growing in the annuity to help create a
financial legacy. The pass-in-kind strategy allows flexibility in investment strategies
and offers tax advantages that can help preserve growth in the trust for several
generations.
Principal® Pivot Series Variable Annuity can be used as a vehicle for this pass-in-kind
strategy and help your clients create generational wealth.
Contact your local Principal® rep to ask about variable annuity solutions:
1Not all trust-owned annuities are tax-deferred. Trusts established for the benefit of non-individuals may not receive tax-deferral.
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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