Updates on Principal® benefits

Answers about how your existing group insurance, retirement, or other benefit plans are impacted by COVID-19 and today's economy

Ideas and action items

1

If you rehire an employee within six months of their termination date, their Principal group insurance benefits are reinstated without the typical waiting period for a new worker.

2

There are no pandemic exclusions in Principal insurance policies. COVID-19 is evaluated the same as any other medical condition.

3

If you’re experiencing hardship, you may have flexibility in paying your insurance premium. Call us at 800-986-3343 to discuss.

Looking for forms or other information on the day-to-day management of your existing plan?

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The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.

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.