Pension Guard®
In today’s financial environment, many employers face major challenges in meeting the obligations of their defined benefit (DB) plans. Sustained low interest rates, a bearish stock market, and lower-than-expected earnings have combined to jeopardize adequate plan funding.
Pension Guard, a group annuity from United of Omaha Life Insurance Company, provides an excellent solution for your clients in these situations:
Plan Terminations – Meets plan specifications that guarantee benefits and benefit options earned by participants under a terminated DB plan.
Financial Accounting Standards Board (FASB) Settlements – Assumes plan benefit obligations for retirees and terminated vested participants
Key Benefits for Plan Sponsors
Removes plan liabilities from their books
Allows the employer to provide an important employee benefit – with a minimum of cost and administration
Allows single aggregate payments to the plan trustee, with the trust responsible for all tax reporting and tax accounting associated with the payment
Participant Benefits
Guaranteed income for life or for a specified period
Ability to provide ongoing income for a joint annuitant
Multiple annuity payment options to meet a range of individual circumstances and goals
Monthly, quarterly, semiannual or annual benefit payment options
Optional cost-of-living adjustment, as permitted by the plan
Call today to learn more about the solution of choice for plan terminations: Pension Guard. And be sure to ask about United’s flexible commissions
Service You Can Depend On
Flexibility, experience and commitment are three important qualities in an annuity provider. And we have them all.
