In the event of a disabling illness or injury have your clients protected their ability to continue to save for their retirement?
Principal’s DI Retirement Security (DIRS) helps clients continue to save for retirement. In a nutshell, DIRS is an individual disability income policy that directs monthly benefit payments to an irrevocable trust upon a disability. Those benefits are then invested based on your client’s risk tolerance.
Features
- Can be purchased individually or added to an employee benefits package
- No evidence of retirement savings or history required
- Available in addition to individual disability insurance limits
Cost of Coverage
Your clients’ premium depends on their age, gender, occupation, tobacco status, state of residence, and policy structure.
Sample costs for a $2,000 monthly benefit:
35-year-old male—$35 per month
35-year-old female—$64 per month
Starting the Conversation with Individual Clients
If you lose your income today, how will you continue to save for retirement?
Everyone talks about saving for retirement, but rarely to do we talk about if those plans are put on hold because of a disabling injury or sickness. If your income is disrupted by a disabling injury or sickness, your retirement could be in jeopardy.
You’ve taken the steps to protect your paycheck from an unexpected disabling injury or sickness, but have you considered protecting your retirement savings as well?
Principal’s DIRS can help you keep your clients’ retirement plans on track.
Source Brokerage disability income specialists can help you develop a disability income retirement security plan for your client as well as and assist with the presentation and sale.
To learn more about Disability Income Retirement Security, contact Steve Crowe at ext. 222or request a quote.
