Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

UL Targets Financial Security

Your article was successfully shared with the contacts you provided.

A new universal life policy is targeting consumers who are seeking flexible products that build financial security with a known benefit, not directly tied to market performance.

Issued by the insurance companies of Principal Financial Group Inc., Des Moines, Iowa, the UL policy offers an adjustable death benefit, flexible premium payments and an optional rider for customers seeking long-term cash accumulation.

Called Principal Universal Life Flex, it also offers these options:

- Surrender charge flex rider. This waives a portion of the surrender charges so that individuals can access cash sooner if needed, says Principal.

- A life paid-up rider. This keeps the policy from lapsing when a policy is used for supplemental retirement income, the company says.

- An automated income feature. This enables customers to take withdrawals from their policy on a regular basis, Principal says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.