| 1. |
Capital Guarantee* |
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You are no longer exposed to investment risk as Principal "Smart-Retire" guarantees you will get back everything you put in at the end of the guaranteed period*. |
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| 2. |
Interest Rate Guarantee |
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The interest rate is guaranteed for 5 years from the policy effective date, hence you are assured a guaranteed return. At the end of the guaranteed period, you may choose to renew the policy with a new guaranteed interest rate and continue to accumulate your savings for retirement. |
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| 3. |
Choice of Guarantee |
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You are offered a variety of withdrawal options: you can either withdraw the accumulated value in a lump sum, or apply the accumulated value to annuity benefits that offer regular guaranteed income payments under different payout options: 10 years or 15 years fixed period income. |
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| 4. |
No Up-Front or Annual Charges Guarantee |
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Principal "Smart-Retire" has no front-end, asset fee or annual charges. All your money is invested directly for your retirement**. |
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* Capital Guarantee only applies when there is no withdrawal during the fixed guaranteed period. |
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** In case of any withdrawal during the guaranteed period, a surrender charge will be applied. |
