Term Life

How it Works

Provides you with short- or long-term insurance coverage. When your needs change, you can convert your term insurance to a permanent cash-value life insurance policy.

During the coverage period, if you die, this policy pays a death benefit that can help your family maintain their current lifestyle or help your business stay operational.

Highlights

• Provides affordable protection for growing families with limited finances
• Funds executive benefit programs and helps provide debt protection for growing businesses
• Allows conversion to a permanent, cash value life insurance policy when it's convenient, without providing evidence of good health or insurability as long as the death benefit remains the same
• Provides a death benefit that can be used to keep your business operational or maintain your family's lifestyle
• Provides specific protection for short- or long-term needs that diminish over time, such as business loans or mortgages
• Supplements other coverage to meet high protection needs
• Provides no cash accumulation
• Premiums may increase as the client ages

The Principal Financial Group^® offers an array of term products, including:

• 10-Year Term — Provides life insurance for a 10-year period at an affordable cost. Starting in the 11th year, premiums increase annually.
• 15-Year Term — Provides life insurance protection for a guaranteed level 15-year period at an affordable cost. Starting in the 16th year, premiums increase annually.
• 20-Year Term — Provides life insurance coverage for 20 years at an affordable cost. Starting in the 21st year, premiums increase annually.
• 30-Year Term — Provides life insurance protection for a guaranteed level 30-year period at an affordable cost. Starting in the 31st year, premiums increase annually.

We also offer a niche one-year term product for short-term needs.

Contact your financial representative today! Don't have one? Locate one through our Office Locations section.

Insurance products from the Principal Financial Group^® (The Principal^®) are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company, Des Moines, IA 50392.

Policy Form #SF 683
Approval #5047082008