Principal® Lifetime Income Solutions II Variable Annuity
An income guarantee for the future
Principal® Lifetime Income Solutions II (PLIS II) is an income-focused variable annuity designed to provide a source of guaranteed income for retirees. It allows your clients to keep their money invested in the market, benefitting from tax-deferred growth potential, until they’re ready to create a source of guaranteed income.
Guaranteed income riders
Three guaranteed income riders are available with PLIS II:
- Target Income Protector
- Flexible Income Protector
- Flexible Income Protector Plus
Your clients can choose the rider that best fits their financial goals. Each creates a guaranteed income stream they can’t outlive.1
Target Income ProtectorFor clients who want our strongest income guarantees and are willing to pay higher fees to get them. A bonus feature provides growth opportunity in down markets, and gains are locked-in to increase future income.
Flexible Income ProtectorFor clients concerned about fees and looking for a lower cost income option. Market gains are locked in to increase future income. Higher payout percentages are available for clients willing to wait longer to take a withdrawal.
Flexible Income Protector PlusFor clients comfortable with some volatility, but also looking for income guarantees without paying high fees. A bonus feature provides growth opportunity in down markets and market gains are locked-in to increase future income.
Benefits of PLIS II
- Create guaranteed income for life -- client decides when to begin payments
- Tax-deferred growth potential
- Three guaranteed income options to choose from
- Bonus and step-up features guarantee income growth regardless of market performance
- Compounding interest on potential investment earnings
1 Guarantees are subject to the claims-paying ability of Principal Life Insurance Company.
Principal® Lifetime Income Solutions II product brochure
A quick guide to our guaranteed income riders
Consent for electronic delivery of prospectus
PLIS II performance updates
Find out why.
For financial professional use only. Not for distribution to the public.
Annuity products and services are offered through Principal Life Insurance Company. 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.
The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment or tax advice. You should consult with appropriate counsel, financial professionals, and other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.