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Keeping the Doors Open for Business Owners

The Principal Financial Group offers two new ways for owners to protect their business.

(Des Moines, Iowa) — During difficult economic times, it's more important than ever to protect against the unexpected. The Principal Financial Group® introduces two new ways to insure businesses against the threat of a disability with a Key Person Replacement insurance policy and the Business Loan Protection rider.

“It's more than business as usual these days, which is why business owners need to take extra care in protecting their business,” said Kevin Farley, vice president of individual disability insurance for the Principal Financial Group. “We're bolstering our disability offering to help ensure businesses can not only stay open, but continue to thrive if a disability strikes a key employee or owner. In today's markets, owners face new challenges and must demonstrate their financial strength and stability to customers, stakeholders and lenders.”

Key Person Replacement disability insurance from The Principal® helps protect businesses by insuring those employees who make a significant contribution to the business. In the event the key employee becomes totally disabled, the business receives the policy's benefits. The benefits are commonly used for recruitment and training costs, temporary staffing needs and short-term revenue replacement.

The Business Loan Protection rider for the Overhead Expense insurance policy reimburses the covered business-related loan obligation in the event of the insured owner's total disability. Examples of loans covered include: purchase of a practice, expansion of a business, facility renovations and building of inventory. In a time when banks are tightening their lending practices, this rider provides a much needed benefit.

“We're one of a few carriers who offer such comprehensive disability protection, giving our producers and their clients an edge,” notes Farley. The addition of these solutions complements the company's already comprehensive portfolio of disability insurance products and solutions, which include Individual Disability Income, DI Retirement Security, Overhead Expense and Disability Buy-Out.

To find out more information, contact your Principal Financial Group representative or visit

About the Principal Financial Group

The Principal Financial Group® (The Principal®)[1] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $287.4 billion in assets under management[2] and serves some 19.0 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit

Insurance products and services issues by Principal Life Insurance Company. 


"The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
As of September 30, 2008

Call 515.246.4907 or see the full Media Relations contact list.

Call 515.246.4907 or see the full Media Relations contact list.

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