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For financial professionals
Financial Professionals Life insurance Corporate-owned life insurance
Corporate-owned life insurance

Help business owners attract and keep high-performing employees.

Principal Executive Variable Universal Life IIISM (Executive VUL III), offers an attractive way to informally finance nonqualified deferred compensation plans. It features a valuable death benefit that can be used by the employer to recover plan costs or to provide survivor benefits. And it also offers tax-deferred cash-value buildup.

Executive VUL III insurance can help businesses finance plans of all sizes, and includes the following benefits:

  • Priced and designed specifically for deferred comp plans
  • Quality investment options
  • Full and business underwriting options
  • Comprehensive plan administration platform

Executive VUL III is approved in all states. For the most current investment options, See Rates & Values on www.principal.com.

Riders and endorsements

Learn more about the available riders and endorsements for these products.

Working with Principal®

  • For nonqualified deferred compensation questions, contact your RVP-NQP (PPT) .
  • For product questions, contact your internal sales team at 800-654-4278 .

Important information

Before investing in variable life insurance, investors should carefully consider the investment objectives, risks, charges and expenses of the policy and the underlying investment options or online at www.principal.com. This and other information are contained in the free prospectus and, if available, the summary prospectus that can be obtained from your local representative or online at www.principal.com. Please read the prospectus and, if available, the summary prospectus carefully before investing.

Variable life insurance is subject to market risk, including the potential loss of the principal invested.

No investment strategy such as asset allocation or diversification can guarantee a profit or protect against loss in periods of declining value.

In exchange for the death benefit, life insurance products charge fees such as mortality and expense risk charges and surrender fees.

Contract rider descriptions are not intended to cover all restrictions, conditions or limitations. Refer to rider for full details.

Insurance products issued by Principal National Life Insurance Company (except in NY), Principal Life Insurance Company®, and the companies available through the Preferred Product Network, Inc. Plan administrative services provided through Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC, and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.

All guarantees are subject to the claims-paying ability of the issuing insurance company.

For financial professional/institutional use only.