Less Risk. All Reward.
Buy-In before you Buy-Out
At the start of a Transferred Buy-Out, you use your pension funds to settle some or all of your plan liabilities. That can be problematic if your plan doesn’t have the money to pay retirees.
You’ll also have to recognize those settlements. That might trigger uncomfortable conversations with your pension committee.
A Secured Buy-In lets you reduce risk while avoiding those issues. It guarantees* we’ll pay the exact cash flow amount your plan owes to covered retirees.
Because the contract is a plan asset, it won’t reduce your plan’s funded status or affect your balance sheet. We’ll also give you a regular monthly statement of the contract’s value and the ability to easily convert to a Buy-Out.
*Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
