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Principal Expands Term Life Access

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An insurer is making some policies available to older applicants.

Principal Financial Group Inc., Des Moines, Iowa, says it is responding to a shift in customer demand by increasing term life purchase age limits 5 years.

Qualified consumers now can buy 20-year term coverage from Principal up until age 65, and they can buy 30-year term from the company up until age 55, the company says.