More key person protection, less cost

Key person life insurance and disability insurance provides more comprehensive protection - at a discount.

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Help your clients meet a common need with an uncommon solution.

The No. 1 financial priority of business owners is protecting their business.When you place key person insurance using both Principal^® Guaranteed Issue Term II (GI Term) and Guaranteed Standard Issue (GSI) Key Person Replacement disability insurance, businesses get comprehensive coverage that helps protect against the loss of a key employee or owner due to death or disability.

The benefits of a key person combo plan from Principal^® are significant:
• Clients receive a 25% premium discount on the Key Person Replacement insurance when both types of coverage are put in place at the same time.
• With no medical requirements for underwriting, the process is easier for insureds.
• You stand out with clients by offering a solution few others can.
• Principal is one of the few carriers with Key Person GI and GSI capability.

Program profile

Get an overview of the key person combo plan.

Employer overview

Share the benefits of a key person combo plan with your clients.

Key person combo plan FAQs

Find answers to common questions about the plan.

Working with Principal

We're more than just products. It's about the service you'll receive from Principal and the experience, education, and ease of doing business.

To get started, contact your dedicated sales team at 800-654-4278.

2025 Principal Business Owner Insights survey, conducted by Dynata.

Both the life insurance and disability insurance coverages must be issued within 90 days of each other to qualify for the 25% discount.