NU Online News Service, March 10, 2004, 4:24 p.m. EST – Principal Financial Group Inc., Des Moines, Iowa, is trying to cut red tape for business owners who need disability insurance.[@@]
The company has introduced the Principal Simplified Overhead Expense program and the Principal Simplified Disability Buy-Out program.
The overhead expense program can help owners of small or midsize businesses cover the cost of some fixed business expenses while they are out.
The disability buy-out program provides funds that able-bodied business owners can use to buy out owners who suffer long-term disabilities.