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May 28, 2010 at 08:00 PM
Principal Financial Group Inc. will be offering a new Surrender Value Enhancement Rider along with the Principal Variable Universal Life Income II life insurance policy.
Business owners who buy the policy can use the rider to accumulate high cash value early on, to increase the value of the policy on the company balance sheet, according to Principal, Des Moines, Iowa (NYSE:PFG).
Other features of the new Principal VUL policy include:
- A return of cost of insurance rider that will refund cost of insurance charges incurred up to the latter of the 15th policy year or when the insured turns age 60.
