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The Principal Launches Innovative New Tool for Financial Professionals

Principal Financial has launched the Principal Income Protector, a new tool that helps financial professionals develop a customized retirement income plan for their clients. Powered by a proprietary algorithm created by the Quantitative Wealth Management Analytics Group, the tool provides an optimal product allocation strategy to generate a sustainable lifetime income.

Designed specifically for those at the moment of retirement or very near it, the Principal Income Protector takes into account a wide variety of planning considerations to develop a retirement income plan customized to the needs of each individual. Based on each unique situation, the tool creates an appropriate product allocation that balances guaranteed income and future growth opportunities. Using this approach, the plan can help ensure basic expenses get paid regardless of market performance through guaranteed income sources, while striving to fund discretionary expenses.

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