Coverage not just for your life, but for your life’s purpose
Life insurance helps protect those who depend on your life, so there’s no sudden monetary shortage in the event of your death. A life insurance policy can help your family recover from loss and continue to:
- Pay for your final expenses
- Pay off a mortgage
- Pay for childcare and education costs
- Cover outstanding debts
- Complete a retirement plan
- Access estate liquidity
- Provide lifetime income
If someone besides you depends on your income, life insurance can help provide for your loved ones at a time when they may need it the most.
Interested in better understanding the basics of life insurance? Check out our step-by-step guide on Life Insurance 101.
Two types of life insurance for evolving needs
Already have life insurance through work?
That’s a great start, but group life insurance provides a base level of protection and isn’t designed to meet 100% of your life insurance needs.
Plus, if you switch jobs, your coverage could change, leaving you vulnerable to losing accumulated benefits in your job transition.
Ask your company’s benefits administrator about your group policy, and talk to your financial professional about how to supplement your policy for minimal cost.
All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. Policy guarantees and benefits are not backed by the broker/dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.
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.