Principle Financial Group Insurance Products
Traditional Life Insurance
Principle Financial Group can help you choose the life insurance policy for your family's needs. Life insurance’s primary benefit is to provide beneficiaries with financial protection in the case of premature death. The majority of the time, this is paid tax-free to the beneficiary. It can also be used to solve a variety of financial issues we may face:
Simplified Issue Life Insurance
This form of life insurance offers immediate coverage without enduring a full underwriting process. Simple applications can be processed: in person, over the phone or through your computer. Approval is often instant at the time of application. This is often the preferred coverage for clients with health issues, as well as clients seeking smaller amounts of coverage. The benefit is paid tax-free to the beneficiary. The funds can be used in a variety of ways:
Medicare Advantage Plans
Medicare can be confusing. Principle Financial Group can help you understand your options. Medicare Advantage health plans offered by private companies that cover: Part A, Part B, and most cover Part D (prescription drugs). They are required to provide the same benefits as original Medicare but go beyond by offering:
Annuities (Fixed and Fixed Indexed Annuities)
A fixed annuity is a contract between a policyholder and an insurance company. In exchange for a lump sum or a series of payments, the insurance company provides a set amount of income starting at a future date. Even though there are many different types of annuities, fixed annuities tend to be more straightforward and easier to understand. A fixed indexed annuity is a long-term savings option that provides principal protection in a down market and opportunity for growth. It gives you more growth potential than a fixed annuity along with less risk and less potential return than a variable annuity. Principle Financial Group can help you choose the annuity that is best for you.
Long-term care (LTC) insurance is coverage that provides nursing-home care, home health care, personal or adult day care for individuals age 65 or older or with a chronic or disabling condition that needs constant supervision. LTC insurance offers more flexibility and options than many public assistance programs. Principle Financial Group can help you select an option that suits your needs. Many plans are available and can cover.