Bonus
Principal® Bonus is a simple and effective plan designed to help employers recruit, reward, retain, and retire key employees. It helps top talent increase their savings for the future, while helping their employer keep them for the long term.
This content is designed for use by financial professionals. Consumers may learn more about products and services on principal.com. Guarantees are based upon the claims-paying ability of the issuing insurance company.
- Any business entity (S corporation, C corporation, partnership, LLC, etc.)
- Employers who want to reward key employees who contribute most to the organization’s continued success
- Employers looking to provide tax-deductible benefits
- Employers who want to help key employees save more for retirement
- Employers with enough ongoing cash flow
- Business owners with a need to protect family assets and prepare for the future
Key materials listed below.
Before the Sale
Use the appropriate NQ supplemental retirement decision grid S corp./LLC (BB11383), C corp. (BB11384) or tax-exempt entity (BB11385) with your clients if you have not yet determined the appropriate plan design.
Bonus Employer Overview Flyer (BB8976)
Show employers how the program works using permanent life insurance.
View (PDF) • Order
Bonus with Term Employer Overview Flyer (BB12647)
Show employers how the program works using term life insurance.
View (PDF) • Order
During the Sale
Sample Proposal (BB10078) | Request for Proposal (DD2230)
A customized proposal can be created by the Business and Advanced Solutions Case Design team by using the Request for Proposal below. It will be customized for your client with appropriate cover information, financial model and illustration.
View Sample Proposal (PDF) • View Request for Proposal (DOC)
GI Term - Key Employee Benefit Implementation Email - for Employer (LF1334)
Provide the employer this email template to use when communicating the enrollment process for their key employees.
Get Email (OFT)
GI Term - Key Employee Benefit Enrollment Email - for Employees (LF1335)
Provide the employer this email template to use when communicating the enrollment process for their key employees.
Get Email (OFT)
After the Sale
Bonus Participant Overview Flyer (BB12059)
Use this with participants to explain the benefits of the plan and how it works. Customize it based on the bonus type (single bonus, double bonus, or simulated deferral) and if the plan design includes a repayment obligation or restrictive agreement.
Customize
BMA Services Flyer (BB9441)
Outlines the added benefits employers and plan participants get from our administrative services through Business Market Administration (BMA).
View (PDF) • Order
Sample Agreement (BB10441)
A guide that contains some of the important issues to assist the client's attorneys with drafting the actual agreement.
View (DOC)
Request and Agreement to Restrict Owner's Rights Form (BB6217)
Complete to place ownership restrictions on a life insurance policy.
View (DOC)
Business Case Submission Checklist (DD849R)
Form that must be used when submitting Life applications to BMA to fund business solutions.
View (PDF)
Advanced Markets Information:
Technical material for applied knowledge on a specific topic.
View Advanced Markets Information
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