(Des Moines, Iowa) - Principal Universal Life Protector III SM (Protector III) is the latest addition to
a broad portfolio of universal life insurance products available from the Principal Financial Group ®. Businesses and individuals with life insurance needs will benefit from a low cost, guaranteed * death benefit combined with the flexibility of a universal life product design.
"Whether it´s a business looking to secure key person insurance or an individual looking for income protection, Protector III offers the competitive price, features and flexibility that our customers want," said Jerry Patterson, vice president and chief marketing officer for the Principal Financial Group. "Because guaranteed coverage is critical in purchasing decisions, we´ve made this the focus of Protector III to help our clients feel at ease."
This latest product features guaranteed death benefit protection up to age 121, issue ages up to age 85, premium payment options and a number of other innovative features. Protector III was designed to address a wide variety of customer needs and fits well with other products from The Principal ´designed to meet the needs of growing businesses.
"We´ve been developing innovative complete solutions for our financial representatives and their customers for years," noted Patterson. "Combining Protector III with our comprehensive pre-sales support and our in-house administrative services creates a true differentiator for us in the market. While we understand cost is important, we are ultimately focused on delivering a high value beyond the product and Protector III strikes an effective balance between price and support and services."
To help identify overall benefit needs, the Principal Financial Group also offers the program, From Here to Security SM, to help educate consumers on individual life and disability insurance and
achieving financial security. Other income protection strategies and programs available through The Principal include Principal Annuity Legacy SM, Principal IRA Exchange SM and business succession planning. For more information about Protector III or other products and services designed for growing businesses, visit www.principal.com
About the Principal Financial Group
The Principal Financial Group ® (The Principal ®) [1] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $205.3 billion in assets under management [2]and serves some 16.0 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.