Principal has added new term products with no conversion privilege. These products are less expensive and designed for individuals who do not desire to convert. This new term offering is in addition to their current term portfolio.
Principal now offers the following term choices:
- No conversion.
- Extension Conversion Rider- Conversion is available for the entire duration of the level term period (not to exceed age 70).
- No Conversion Extension Rider-Limits term conversion period.
( not available for sale in NY ).
