Continue your group insurance
You were protected with group insurance from Principal® as part of the benefits package from your former employer. This may have included:
- Group life
- Critical illness1
- Accident and/or
- Long-term disability insurance
And even though your employment has ended, you may have options for continuing these benefits—through portability and/or conversion.
- Portability – Extend your current coverage to another policy, without answering medical questions.
- Conversion – Change your coverage to an individual2 policy, without answering medical questions.
You have a limited amount of time (generally 1-2 months) to port or convert your coverage without proof of good health. That’s why it’s important to enroll in insurance as soon as possible after your group coverage ends.
- Dental and/or vision coverage - If you’re interested in continuing your dental and/or vision coverage after your employment ends, coverage may be available to you through the Consolidated Omnibus Budget Reconciliation Act (COBRA). Contact your former employer or Principal at GroupBenefitsAdmin@principal.com.
Note: The benefits under your new coverage will vary from your former policy. These changes will be reflected in the benefit booklet you’ll receive after you’ve enrolled.