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:

• Annually Renewable Term (ART) — Provides life insurance coverage for successive one-year periods. Premiums increase annually and are guaranteed for five years.
• 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.

 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