Employee Financial Resource Program
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The Employee Financial Resource Program SM Helping you reach financial security Insurance products from the Principal Financial Group are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company. Securities and advisory products are offered through Princor Financial Services Corporation, 800-247-1737, member SIPC. Principal National, Principal Life and Princor ® are members of the Principal Financial Group, Des Moines, IA 50392. BZ1179-01 | 3/2010 | t100218001w
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Help Employees Reach Their Financial Goals - Regardless of the size of your business or the type of benefits you provide, the Employee Financial Resource Program offers you many advantages • Highlights what you provide to your employees as the foundation of their financial security, which reinforces goodwill and helps employee morale and retention • May increase productivity as employees gain more control over their financial future • Allows you to distance yourself from offering financial advice • Facilitates offering another valuable benefit to your employees, with no cost to you
Transcript of Employee Financial Resource Program
The Employee Financial Resource ProgramSM
Helping you reach financial security
Insurance products from the Principal Financial Group are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company. Securities and advisory products are offered through Princor Financial Services Corporation, 800-247-1737, member SIPC. Principal National, Principal Life and Princor® are members of the Principal Financial Group, Des Moines, IA 50392.
BZ1179-01 | 3/2010 | t100218001w
Presented byDavid C. Cochrane
Principal Financial GroupRochester Business Center
While this communication may be used to promote or market a
transaction or an idea that is discussed in the publication, it is
intended to provide general information about the subject matter
covered and is provided with the understanding that The Principal® is
not rendering legal, accounting or tax advice. It is not a marketed
opinion and may not be used to avoid penalties under the Internal
Revenue Code. You should consult with appropriate counsel or other
advisors on all matters pertaining to legal, tax, or accounting
obligations and requirements.
Your “Hidden Paycheck”
• 401(k) plan• Defined benefit pension plan• Long-term disability insurance• Worker’s compensation• Health insurance• Life insurance• Paid vacations
(Seminar can be customized specific for your Company – Contact David at [email protected]
For further information
Do you fully understand and appreciate your benefits?
What is the average cost of employee benefits for employees of Your company?
$XXX per year
Employee benefits are great, but:
• Are you maximizing your benefit opportunity?• Do they solve all your needs?• Will you stay in your current job until you retire?• What happens to your benefits when you retire?• Which ones need to be portable?• Will they keep up with inflation?• Are they guaranteed?
Most are inadequately protected
“Forty-eight million U.S. households say they don’t have enough life insurance.”
Source: LIMRA International, U.S. Life Insurance Ownership Study, 2005
Perceived Gap in Life Insurance Coverage in Years of Income
Average coverage the household believes it should have
5.7 years
Current coverage -3.6 years
Gap 2.1 years
Source: Trends in Life Insurance Ownership Among U.S. Households, LIMRA, 2005
One rule of thumb for life insurance benefits is seven to 10 times your annual salary; however, life insurance benefits can be adjusted to fit your personal needs.
Could you live on80 percent of your income?
Age: 35 62 70 90
Your net worth
Where are you on the lifeline?
accumulate preserve spend down
What are the obstacles?What can you do to ensure success?Note: This is a hypothetical example only and is intended to illustrate the potential accumulation through the retirement lifecycle. It is not intended to predict or project any investment results.
The time to achieve yourfinancial goals is now!
• Savings are low.• Consumer debt continues to rise.
Smooth the road to your financial retirement by making educated choices.
What’s next?
1. Sign up for a free, no obligation meeting
2. Begin your journey to financial security
What does the Employee Financial Resource Program offer you?
• Free meeting with a financial professional
• Free individual financial analysis• Better understanding of employee
benefits and how to maximize and coordinate with other planning
• No obligation to purchase any products or follow the recommendations of the analysis
For those seeking an individual analysis, our Financial Strategies program assesses where you are now, where you want to go, and strategies to get there.
Financial Strategies
David C. Cochrane
585-429-9220
Principal Financial Group
Rochester Business Center
Thank You!
