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Defined benefit elections are moving online


It’s important to feel confident when making a forever decision. That’s why we’re enhancing the online experience for participants in defined benefit plans. With these changes, participants electing distributions from their defined benefit plan will be able to complete the process entirely online. You heard that right! The initial rollout has already begun and will continue throughout 2019.

These changes can give participants the flexibility and confidence they’re looking for. The new online election process is easy and intuitive, so participants will be able to complete it independently. However, if you’d like to assist participants with their elections, you’ll be able to help walk them through each step of the process once they sign in.

Watch this short video of the online quote1 and online benefit election experience to get an idea of what to expect.

If you have questions, contact your Principal® rep or our Advisor Support Team at 800-952-3343.

1. Online quoting is only available to contracts with at least 400 lives

For financial professional/institutional use only.

Insurance products and plan administrative services provided through Principal Life Insurance Co. Securities offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker-dealers. Principal Life, and Principal Securities are members of the Principal Financial Group®, Des Moines, Iowa 50392.

©2019 Principal Financial Services, Inc.

PQ12626H | 805145-042019 | 04/2019

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