We here at Pivot, wanted to make you aware of some exciting changes coming to Principal’s Universal Life Flex II product. It may offer a better life insurance product solution than Term Life Insurance for your given situation. Read on to learn more…
In a nut shell, it’s a rider designed to provide extended guarantees and increased flexibility. Principal will be introducing this new rider on September 22, 2014. It offers clients an optional extended no-lapse guarantee (ENLG) rider on their 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, anyone who chooses Principal UL Flex II will continue to receive total value through the following:
- 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
This product is an ideal solution for life insurance needs of $1 million or more. And, it's especially well-suited for ages 35-55 in premium-to-endow scenarios and ages 55-75 on protection-to-age scenarios. While you may not be familiar with these concepts, they may turn out to be exactly what you need given your unique situation. That’s where the PivotCare team comes into play. We understand the concepts and can review them with you and help you determine if, in fact, this is the ideal life insurance solution for you.
About the author: Michele Cleary has been in the business for over 35 years and holds a CLTC designation. She believes that life insurance can give you and your family peace of mind, especially when you have other things to worry about. Michele now has 4 grown children and knows that proper planning is essential. You can reach her at 1-800-651-1953 or MCleary@Pivot.com.