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:

  • Income Replacement
  • Mortgage Protection
  • Wealth Transfer
  • College Savings
  • Estate Tax Funding
  • Supplemental Retirement Income
  • Risk Reduction and Management
  • Funding Extended Healthcare and Long-term Care Expenses

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:

  • Funeral Expenses
  • Debt (Credit Cards, Loans, etc.)
  • Medical Bills
  • Probate and Legal Fees

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:

  • Vision Coverage
  • Dental Coverage
  • Gym Memberships
  • Over the Counter Allowances
  • Wellness Programs
  • Nurse Hotlines
  • Ride Services
  • Zero Premium Plans available

Medicare Supplement Plans

Work with Original Medicare, Part A, and B. The Medicare supplement covers out of pocket costs not covered by original Medicare. Prescription drug coverage is purchased separately. These plans help cover:

  • Part B Excess Charges
  • Co-pays, Coinsurance, and Deductibles
  • Medical Emergencies When Traveling Outside the Country

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.

  • Predictable Investment Returns
  • Guaranteed Minimum Rates
  • Tax-Deferred Growth
  • Guaranteed Income Payments
  • Relative Safety of Principal

Disability Insurance

Disability Insurance (DI) provides short-term benefits to eligible workers who have a full or partial loss of wages due to a non-work-related illness, injury, or pregnancy.

  • Peace of Mind
  • Money You Need, When You Need it
  • Tax-Free Benefits
  • Policies are Transferable to New Jobs
  • Assist in Rehabilitation So You Can Focus on Recovery

Long-term Care

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.

  • Homecare
  • Assisted living
  • Adult daycare
  • Respite care
  • Nursing home
  • Alzheimer’s facilities
  • Home modification to accommodate disabilities