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Life Product Features

While most Americans believe they need life insurance, 53% do not have enough or any life insurance.¹

Standard Features:

• Flexible design options allow you to create a customized program that meets your needs.
• Individual Purchase Rights give a terminated employee the opportunity to convert his or her coverage (and spouse and child coverage, if elected) to an individual life insurance policy, allowing for continued coverage.

Optional Features:

• Accidental Death and Dismemberment (AD&D) coverage² to provides an enhanced benefit in the case of accidental death or dismemberment.
• Dependent life insurance can be purchased to cover the loss of a spouse or child.
• Flexible Waiver of Premium options allow coverage to continue and premiums to be waived if an employee qualifies under this provision.

Looking for employee-paid options?

• We also offer voluntary term³ life insurance that provides a great value for employees who need either a stand-alone policy or added coverage.

For more information:

• Contact your local representative of Principal Life

¹LIMRA International, U.S. Life Insurance Ownership Study, 2004

²In some states, certain provisions listed as AD&D may be paid as a Personal Loss Benefit.

³Not available in Vermont.

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