Tyler joined Principal Financial Group® as a Financial Advisor and Principal Securities Registered Representative in October of 2014, and is a graduate of Brigham Young University with a BS in Biology and a Minor in Business Management. His qualifications include California Life and Health License; Series 7 and 66 securities registrations; and, is fluent in Spanish. Tyler will partner with his mother Vicky Johnson, CFP®, and will assist her with Employee Financial Resource Programs for businesses and their employees, and create financial strategies or blueprints for their retirement. He will provide solutions in the following areas: Life Insurance, Disability Insurance, Retirement...
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Types of Life Insurance Sold by Principal Principal term life insurance Principal offers two types of term life insurance for business owners—group term life insurance and voluntary term life insurance. Principal offers guaranteed issue term life insurance that business owners can use for themselves and key employees. Coverage up to $5 million per policy is available, with level premiums for 10 or 20 years. Some group life insurance policies from Principal come with access to some helpful benefits, which include a will and legal document center, an emotional health support line and an identity theft protection kit. Principal also offers group term life insurance that you can offer to your...
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A new Employee Retirement Income Security Act (ERISA) lawsuit filed in the U.S. District Court for the Southern District of Iowa accuses the Principal Life Insurance Co. of committing various fiduciary breaches in the operation of two retirement plans open to its own employees. Also named as a defendant in the case are the retirement plans’ investment and administrative committees. The allegations against the defendants fit into the mold of similar self-dealing suits that have been filed against national financial services providers in recent years. “Principal affiliates act as the primary investment adviser for the pooled separate accounts in which the plans invest,” the lawsuit states. “...
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Principal Financial Group Inc. is now preparing to go down the same road that many other competitors have taken: It’s getting ready to end sales of retail individual fixed annuities and retail individual life insurance policies, and to tilt more firmly toward the sale of variable products. The announcement will have no effect on policies, contracts or agreements already in place, Principal says. The life companies turning onto “Variable Products Tilt Drive” — including Ameriprise Financial, AXA, MetLife, Prudential Financial, Voya and others — hope to get more of their revenue from asset management services, mortality protection and longevity protection, and less of their revenue from...
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Anthony Flaaen experienced an on-the-job back injury working as a truck driver in the Seattle – Tacoma, Washington area. His injury permanently disabled him. His work-sponsored long-term disability plan through Principal Life Insurance covered his injury until an overly inflated social media post led to a halt in his benefits. That’s when Anthony hired the expert attorneys at Roy Law Group. We were able to overturn the denial, settling Anthony’s case so that he could recover the income that he deserved. Approved and then denied by Principal Life Insurance Like many long-haul truck drivers, Anthony experienced an on-the-job injury to his back that permanently disabled him. His...
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Senior Financial Representative, Principal Securities Registered Representative, Financial Advisor Buster is a Senior Financial Representative in the St. Peter office of the Minnesota Business Center of Principal® as well as a Registered Representative and Financial Advisor for Principal Securities. He represents Principal National Life Insurance Company, Principal Life Insurance Company, and the companies available through the Preferred Product Network Inc and/or many fine carriers. Buster joined our company in 1975 after graduating from Gustavus Adolphus College and working as an agent for four years. His professional activities include teaching industry courses and holding leadership...
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Following a strategic review, Principal Financial Group has renewed its focus on the small to medium-sized business (SMB) market. Principal says it will fully exit U.S. retail fixed annuities—discontinuing new sales of its deferred annuities, payout annuities and indexed annuities. The firm will continue selling its variable annuity offering, which it says plays an important role within its complete suite of retirement solutions. “Our go-forward plan includes expanding emphasis on fee-based businesses and focus on three key areas—retirement in the U.S. and emerging markets, global asset management, and U.S. specialty benefits and protection in the small to medium-sized business market,” a...
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latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/principal-seeking-options-for-7b-guaranteed-universal-life-block-among-others-65239266 content esgSubNav Principal seeking options for $7B guaranteed universal life block among others Carrier retreats from the market for universal life insurance products with secondary guarantees could create supply-side opportunities for reinsurers and other capital solutions providers. Principal Financial Group Inc., which announced the discontinuation of new sales of the interest-rate-sensitive product in January, revealed in a June 28 announcement that it would pursue strategic alternatives for both the...
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Principal Financial Group today announced that it has picked an affiliate of Talcott Resolution Life to help it shed the risk associated with its retail fixed annuity business and part of its life insurance business. The Des Moines, Iowa-based life insurer has named the Talcott arm, Sutton Cayman, to reinsure a retail fixed annuity block backed by $16 billion in reserves and a block of universal life policies with secondary guarantees backed by $9 billion in reserves. Principal will continue to administer and service the annuity contracts and life insurance policies involved, and it will have responsibility for managing $4 billion of commercial mortgage loans and private credit assets in...
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METLIFE AND PRINCIPAL TO PROVIDE ANNUITY BENEFITS TO PHILIPS NORTH AMERICA, LLC RETIREMENT PARTICIPANTS NEW YORK, February 23, 2021 Principal Financial Group and Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, Inc. (“MetLife”), announced today they entered into an agreement with Philips North America LLC (“Philips”) to transfer approximately $1.2 billion of Philips North America Pension Plan obligations to Principal Financial Group (“Principal”) and MetLife. The agreement, which was signed in the fourth quarter of 2020, provides guaranteed retirement income solutions for approximately 11,000 retirees, beneficiaries and deferred participants in the Philips North...
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