September 12, 2014
Extended guarantees, increased flexibility with Principal UL Flex II
Effective September 22, 2014, we’ll offer clients an optional extended no-lapse guarantee (ENLG) rider on our Principal Universal Life Flex IISM. This new ENLG rider will provide protection to the lesser of the insured’s age 95 or 35 years.
With this enhancement, clients who choose Principal UL Flex II will continue to receive total value through:
- New, optional extended no-lapse guarantee rider
- Low policy charge structure for competitive cash accumulation
- Flexible features, including living benefits and an automated income feature
Principal UL Flex II will continue to be competitive in death benefit protection cases of $1 million or greater. And, it’s especially well-suited for ages 35-55 in premium-to-endow scenarios and ages 55-75 on protection-to-age scenarios.