New resource to help participants prepare for the unexpected
You know there’s more to financial wellness than just planning for retirement — it also means preparing for the unexpected. For participants, this means designating beneficiaries for retirement accounts, plus documenting their wishes for the future.
But many American workers struggle with risk and protection planning. Only 26% have a complete will that is up to date1. And 71% don’t know where to turn or how to get started with legal matters2.
To help participants in retirement plans feel more prepared — and more confident — we’re here to help by teaming with ARAG® to roll out access to a legal document resource
Document, document, document
With this new relationship, participants in plans with services by Principal® can take immediate action regarding their financial wellness and risk planning. How? They’ll have access to a library of documents — legally valid for each state — to prepare based on specific legal needs/location:
- Standard will
- Healthcare power of attorney
- HIPAA authorization
- Durable power of attorney
- Living will
- Medical treatment authorization for minors
They’ll also have access to educational tools, as well as a Personal Information Organizer to store important personal and financial information in one convenient spot. This lessens the stress of searching for necessary account information in case something happens.
Get the details
Want to learn more? Check out these resources for details at principal.com/willprep:
Contact your local Principal® rep or call our Advisor Support Team at 800.952.3343.
This value-added resource is not a part of any insurance products and plan administrative services provided through Principal Life Insurance Co or affiliated with any company of the Principal Financial Group®. The resource may be changed or canceled at any time. The use of resources provided by ARAG® Services, LLC should not be considered a substitute for consultation with an attorney. Principal® is not responsible for any loss, injury, claim, liability, or damages related to the use of the ARAG Will & Legal Document Center.
1 How Legal and Financial Issues Impact Employee Wellness. Russell Research for ARAG. February 2017
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2 ARAG North America, Inc. How Legal & Financial Stress Impacts Employee Wellness and What You Can Do to Help, 2017.