Products July 8, 2008

Principal Tacks on Interactive Guide to Client Program

Principal Financial Group released a tool to help financial professionals walk clients through retirement planning.
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The guide, Retirement Readiness Reviews, is the latest addition to the “More Business. Less Time.’ client program The Principal launched last year to help advisers expand their books through cross-selling and referrals.

Using the guide, advisers can assist clients to determine retirement a plan. The guide will help define how clients want to spend their retirement, set their retirement timeline, and convey both the risks and steps to manage them, the company said.

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The guide includes tools such as an interactive checklist based on time left until retirement, a workbook about managing retirement income, budget worksheets, Social Security information and a retirement income timeline.

The “More Business. Less Time.’ program is free to bank financial professionals, career agents, and brokers who do business with The Principal. More information is available by contacting Principal’s Annuity Sales desk at 866.309.1623.

Products July 8, 2008

Lincoln Offers Morningstar Managed Accounts Service

Lincoln Employer Markets, a division of Lincoln Financial Group, launched Morningstar Retirement Manager, including Morningstar Associates’ 401(k) managed accounts service.
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According to a release, the offering enhances Morningstar Associates’ guidance service already available to the Lincoln Alliance and Lincoln SmartFuture retirement programs by adding a discretionary account management service option called Managed by Morningstar. With Morningstar Retirement Manager, plan participants receive a personalized retirement strategy, including a retirement income goal assessment, recommended savings rate, and construction of an appropriate portfolio strategy based on a participant’s goals and personal situation.

The managed account service also provides participants with automatic investment selection, ongoing account monitoring, and quarterly progress reports to help them track their advancement toward their goals.

More information is available at www.morningstar.com or www.LincolnFinancial.com.

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