Pension Risk Transfer Solutions
Are you a plan sponsor searching for risk management solutions to help navigate pension plans and manage the new regulatory changes?
With an ever-evolving landscape of pension plans from which to choose, you may not know which one is best suited to fulfill your business needs. Pension risk transfer solutions can be an effective pension plan alternative to help get you out from under your current pension liability. Pension risk transfer transactions could allow you to replace pension benefits paid to your pension participants with annuity payments from an insurer.
Reduce or eliminate the uncertainty and impact of plan volatility on your company’s balance sheet
Free up time previously allocated to the pension plan administration and oversight, allowing you to focus more on your core business activities
Decrease your need for additional resources as the complexity of regulation increases
Improve Plan Management
Transition full-service benefit administration and services for your participants
Provide guaranteed cash flows for your participants
Terminal Funding Group Annuity for Your Participants
We can offer you a business solution for pension risk transfer. PensionAssist® is a guaranteed single premium group annuity that allows your company, as the plan sponsor, to replace pension benefits you would pay pension participants with annuity payments.
As plan sponsor, your company is no longer subject to Pension Benefit Guaranty Corporation (PBGC) premiums and other administrative expenses for transferred liabilities.
Pension liability is completely removed from your company's balance sheet.
Our financial strength, longevity and experience with life insurance and financial services make us an ideal partner to help support the financial stability of your business. We look forward to working together.
Pension Risk Transfer allows a company to transfer their pension risk to another financial institution for handling. The PensionAssist® product is handled only by the Financial Planning department. No financial representatives are allowed to sell this product. This product is a single premium group annuity issued by Western-Southern Life Assurance Company and National Integrity Life Insurance Company.
Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except New York, where National Integrity Life Insurance Company, Greenwich, New York, operates. Both are members of Western & Southern Financial Group, Cincinnati, Ohio. Group Annuity Contract ENT-02 1406, ENT-02 1802, ENT-02 2005 NY, Group Annuity Certificate ENT-02 1406ICERT, ENT-02 1802 ICERT, ENT-02 2005 ICERT NY, Group Annuity Certificate ENT-02 1406 DCERT, ENT-02 1802 DCERT, ENT-02 2005 DCERT NY. PensionAssist® is a group annuity issued by Western-Southern Life Assurance Company and National Integrity Life Insurance Company. Amounts contributed are deposited in the general account. The underwriting risks, financial and contractual obligations and support functions associated with the annuities issued by Western-Southern Life Assurance Company and National Integrity Life Insurance Company are the issuing insurer’s responsibility. Any payment obligations or guarantees are contingent on the claims-paying ability of the insurer. Product features may vary by state. Information provided regarding products and services is not intended to take the place of any agreements governing such products or services. Western-Southern Life Assurance and National Integrity do not provide tax or legal advice. Please contact your tax or legal advisor regarding your situation. PensionAssist® is not available in AK, ME, NH and RI.
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