New tools to help ESOP clients with repurchase obligations
Companies with an employee stock ownership plan (ESOP) are required to repurchase shares of departing and retiring employees who are vested participants in the plan. And one of the most effective ways to help them protect their businesses is by implementing an ESOP repurchase obligation funding strategy.
Using life insurance to create a sinking fund to repurchase stock can be an effective strategy. It can provide funds needed for both planned and unplanned events.
How can you help?
Use these tools to learn more and talk to your clients with ESOPs about an effective repurchase obligation funding strategy.
Tune in to the September 10 Principal Learning Network (PLN). Call 866-599-9219 (password: One Principal) at 10:30 a.m. Central or listen to the replay later in our archive.
Learn more and access all tools on the ESOP Repurchase page of our advisor website.
Call the Business and Advanced Solutions Hotline at 833-803-8345.
For financial professional use only. Not for distribution to the public.
Insurance issued by Principal National Life Insurance Co. (except in NY) and Principal Life Insurance Co. Plan administrative services provided by Principal Life. Securities offered through Principal Securities, Inc., 800-247-1737, Member SIPC and/or independent broker/dealers. Principal National, Principal Life and Principal Securities are members of the Principal Financial Group®, Des Moines, IA 50392.
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