Guide To Health Insurance.org

About Principle Life Insurance Company

Principal Life Insurance Company is an insurance provider for both businesses and individuals. Formed in 1879, it has held a continuous record for quality service in the fields of life and disability insurance and annuities. As a subsidiary of the Principal Financial Group. it also provides such benefits as vision and dental insurance as well as medical and drug plans.

Principle Life Products

Principle Life products are available worldwide through a vast network of subsidiaries, agents, brokers, and financial service-oriented satellites.

• Term Insurance -- A policy intended to protect an individual for a shorter period of time that can range from 12 months to 20 or more years. In this policy, Principal Life also offers tax-free death benefits as well as renewable and conversion options that do not require re-application.
  
  
• Survivorship Life Insurance -- An estate planning tool in which the benefits are payable after the death of the second person. Marital tax deductions are available to the spouse until he or she dies.
  
  
• Employer Disability Insurance -- A policy designed to offer flexible options to cover company needs. Specifically, long-term benefits include work incentives, survivor benefits, and assistance in site accommodations for disabled workers. Return-to-work and childcare incentives along with retirement supplement packages are additional options.
  
  
• Long-term Disability Program -- Companies with 10 or more employees are eligible for a voluntary long-term disability program. These are tailored to protect employers from extensive financial obligation and are optional for employees. The plan does not require total disability for applicants, and offers return-to-work incentives. Other voluntary programs are also available to employers for administration only, and are wholly paid for by the employees. Part of Principal Life's disability coverage involves rehabilitation services. These have successfully proven to decrease time away from work for many disabled employees. Counseling, case management, financial assistance, and job modifications contribute to the program's vision.
  
  
• Group Health Insurance -- Principle Life's group health policies operates as preferred provider organizations (PPOs), and are available to employees and their families. Community Care Network (CCN) is the provider. Employers can add vision coverage if at least 10 employees choose to be insured and if the company participates in at least one other Principal Life program.
  
  

For large employers that are self-insured, Principal's National Accounts Division is established to function solely in an administrative capacity. Regional claim centers provide team expertise to aid employers in the challenges of meeting employee needs. Customized plans are key to meeting the client requirements and Principal is equipped to provide opportunities for changes and growth.

Understanding that many employers and individuals have difficulty understanding the maze of disability benefits, it has developed the From Here to Security program, a comprehensive educational guide and financial calculator that will help determine goals. The program is especially helpful for individual retirement planning in conjunction with financial adviser consultation.

Principal Life provides accessible information for rolling over retirement savings. It promotes an interactive personalized planning service called the Principal Income IRA program.

Some plan benefits may not be available in all regions. Seek a qualified representative to understand complete coverage details along with exclusions and limitations of each plan.

Principle Life Headquarters

Principle Life is located at 711 High Street, Des Moines, IA 50392.