OREANDA-NEWS. January 15, 2016. Recognizing that investing too aggressively or too conservatively each carry their own risks, the Principal Financial Group® has launched the Principal Secure Choice Indexed AnnuitySM. The new indexed annuity offers safety along with the opportunity for additional growth to help individuals meet their long-term retirement savings goals.  

“Overly conservative investments may not keep pace with inflation, and excessively aggressive investments may struggle in down markets,” said Sara Wiener, assistant vice president of annuities at The Principal®. “This particular annuity offers individuals an option to grow their wealth while taking on less risk.”

The Principal Secure Choice Indexed Annuity is a single-premium, fixed deferred indexed annuity with performance based in part on performance of the S&P 500® Index1 (excluding dividends). It is simpler than other indexed annuities since there’s just one index to track and one application process for the two index-crediting methods investors can choose from.

In addition, the product offers a four-year surrender charge period, which is rare in the indexed annuity marketplace.

The product may be a fit for retirement savers who:

  • Seek growth potential
  • Want protection from market volatility
  • Are interested in tax-deferred growth2

“Indexed annuities are the fastest-growing product line in our industry,” Wiener said. “It appears the value proposition these products offer resonates with consumers.”

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