![]() ![]() Qualifying individuals between ages 0 and 85 can buy without a medical exam. Coverage amounts range from $25,000 to $1 million. Principal Universal Life Flex III provides flexible coverage and the potential for accelerated cash value growth, especially during years 15-30.High limits are available without a medical exam to qualifying buyers between 20 and 85. Principal Universal Life Provider Edge II provides affordable, permanent coverage coupled with long-term guarantees from $100,000 to $1 million.Principal offers seven types of universal life insurance (including indexed and variable options) for business owners keen on protecting valuable assets and providing for loved ones. The longer you live, the more your payment will be when you file a claim. Unlike whole life policies, the death benefit or funds you can access change over time. Lifelong coverage that builds cash value to withdraw when needed is the cornerstone of universal life insurance. Supplemental life insurance can be an easy choice if you're looking for cheap life insurance. In addition, Principal offers salary-based (also called percentage of salary) and increment-based. Its supplemental term life insurance allows employees to increase coverage and/or add coverage for family members (at the employee's expense). Free access to licensed behavioral health providers via the emotional health support line.Term policy buyers can also access extra features at no additional cost, including: This extra cost can be passed on to employees. The company pays a flat fee for the insured's spouse and children aged 26 and under. ![]() Group t erm life insurance from Principal allows dependent coverage. Some buy a salary-based policy to set the policy by how much the employee makes.įor example, a 200% benefit on a salary of $50,000 pays a life insurance benefit of $100,000) up to $1 million per individual. Employees are generally eligible for a flat benefit (coverage based on a fixed dollar amount).įor example, a flat $20,000 can pay for a life insurance benefit of $20,000). Depending on your business budget, employers can pay all, part, or none of the annual premiums. This group plan is offered exclusively through employers to employees. In addition, employer-paid group life insurance and employee-paid voluntary life insurance may appeal to different buyers. These plans aim to empower business owners with a flexible, broad range of coverage options for employees. Principal Financial offers policies that pay a predetermined death benefit if the insured dies within the specified term or number of years. Life insurance plans from Principal Financial Term life insurance ![]()
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