Income Protection

Help keep your employees and your business financially fit.

Income protection (also known as disability insurance) provides coverage if you, your business partners, or your employees become too sick or hurt to work. By replacing part of your income when an illness or injury keeps you from working, this important coverage helps ensure you don’t have to dip into savings or retirement assets to keep your business (and everyday life) running smoothly.

You can purchase disability insurance as standalone coverage, or as a supplement to group disability coverage. When you offer it at your worksite, you may be able to receive discounts.

Talk to your financial professional to learn more about which protection is right for your business.

Protection for your business and your employees.

Principal® offers flexible and affordable solutions to cover the unexpected.

Individual disability income insurance

Individual disability income insurance provides income replacement for your everyday financial needs.

Disability buy-out insurance

Disability buy-out insurance funds a buy-sell agreement to buy out a totally disabled business owner.

Overhead expense insurance

Overhead expense insurance reimburses your business for operating expenses.

Business loan protection

Business loan protection provides payments to help cover the cost of a business-related loan obligation*.

Key person replacement insurance

Key person replacement insurance helps offset temporary staffing and recruitment costs of the loss of a key employee*.

Contact a financial professional to discuss disability protection strategies to meet your business needs.

Help with protecting your most important assets

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Replacing the Irreplaceable: Protection for the Disability of Key Employees

Key Person Replacement Insurance helps offset losing a key contributor by paying benefits to an employer if an employee becomes disabled.

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The Gap in Protection You Can’t Afford to Miss

Key person insurance is a simple, efficient way to provide your business with the funds necessary to handle the loss of a key employee.

* Not available in all states.

This is an overview of the benefits of disability insurance, but there are limitations and exclusions. For cost and coverage details, contact your Principal® representative.

Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Plan administrative services offered by Principal Life. Principal National and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392.