Principal - New Term Rates
Now, new premium rates make coverage even more attractive. Effective, Nov. 1, 2021, new rates are available for Principal® 10-, 15-, 20-, and 30-Year Term.
*Please note* Principal is only accepting life insurance applications for business cases.
Children Term Rider to be discontinued
The Children Term Rider will be discontinued for new sales of eligible products effective Dec. 1. The rider will no longer be available with Principal Term, Principal Universal Life Provider Edge II, Principal Universal Life Flex II, Principal Indexed Universal Life Flex II, and Principal Indexed Universal Life Accumulation II.
Key things to know about the reprice
- Level term rates are lower at many ages and risk classes. (Principal® GI Term and Principal® One-Year Term rates are unchanged.)
- New rates are approved in all states and available to quote now.
- The transition guidelines provide details regarding the repriced rates.
Give us a call at 1-800-792-6795 if you have any questions.