The Principal Financial Group.The Principal Financial Group has introduced Variable Universal Life Income, a life policy designed to generate retirement income. It features a rider that returns the cost of insurance, a death-benefit guarantee to ages 100, 85 or 65, three ways to structure withdrawals, enhanced dollar-cost averaging dollar-cost averaging Investment of a fixed amount of money at regular intervals, usually each month. This process results in the purchase of extra shares during market downturns and fewer shares during market upturns. for the first six or 12 months, and automatic asset-mix allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as based on the policyholder's retirement date. |
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