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Term Life

How it Works

Provides you with short- or long-term insurance coverage. When your needs change, you can convert your term insurance to a permanent cash-value life insurance policy.

During the coverage period, if you die, this policy pays a death benefit that can help your family maintain their current lifestyle or help your business stay operational.


  • Provides affordable protection for growing families with limited finances
  • Funds executive benefit programs and helps provide debt protection for growing businesses
  • Allows conversion to a permanent, cash value life insurance policy when it's convenient, without providing evidence of good health or insurability as long as the death benefit remains the same
  • Provides a death benefit that can be used to keep your business operational or maintain your family's lifestyle
  • Provides specific protection for short- or long-term needs that diminish over time, such as business loans or mortgages
  • Supplements other coverage to meet high protection needs
  • Provides no cash accumulation
  • Premiums may increase as the client ages

The Principal Financial Group® offers an array of term products, including:

  • 10-Year Term — Provides life insurance for a 10-year period at an affordable cost. Starting in the 11th year, premiums increase annually.
  • 15-Year Term — Provides life insurance protection for a guaranteed level 15-year period at an affordable cost. Starting in the 16th year, premiums increase annually.
  • 20-Year Term — Provides life insurance coverage for 20 years at an affordable cost. Starting in the 21st year, premiums increase annually.
  • 30-Year Term — Provides life insurance protection for a guaranteed level 30-year period at an affordable cost. Starting in the 31st year, premiums increase annually.

We also offer a niche one-year term product for short-term needs.

Contact your financial representative today! Don't have one? Locate one through our Office Locations section.

Insurance products from the Principal Financial Group® (The Principal®) are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company, Des Moines, IA 50392.

Policy Form #SF 683
Approval #5047082008

Investment and insurance products are: not a deposit · not FDIC Insured ·
not insured by any federal government agency · not a bank guarantee · and may lose value.

Have a question? Call us at 1.800.986.3343

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Securities offered through Princor Financial Services Corporation, member SIPC