Important Changes to Application Processes at Principal
Important Changes to Application Processes at Principal
Principal recently announced the move to 100% drop ticket submission for term insurance cases $500K and under.
A Fully Digital Solution with Principal Life
Principal Life Online is a fully digital solution that streamlines the term life insurance application and policy delivery process.
The Latest from DMI Insurance Companies
The two most significant developments from the last 24-hours in terms of new insurance cases were the accommodations for clients unable to complete paramed exams announced by Principal and Symetra.
Upgrade Your Underwriting with Principal’s Limited-Pay Underwriting Program
Principal has announced the extension of apportion of the underwriting upgrade program for short-pay designs that ran through the second half of 2019. This extension applies to single pay designs only and delivers a one rate class improvement.
Multiple Updates from Principal to Comply with 2017 CSO and PBR Requirements
The end of the 2017 CSO and PBR transition is in sight, and with it comes the release of three new, compliant products from Principal: Term 2020, UL Protector V and VUL Income IV. Read on for the details around these updated products and the transition rules!
Coming soon: New mortality table and reserving requirements for life insurance
Beginning Jan. 1, 2020, any new life insurance policy issued will need to use: The 2017 Commissioners Standard Ordinary (CSO) Table – a new mortality table used in product pricing, Principle-Based Reserving (PBR) – a new way of calculating reserves to pay future claims Policies that don’t meet these requirements will need to be issue-paid prior to Dec. 31, 2019
Principal Life Online: An Application and Underwriting Process for the Modern Age
The subject line says it all: An application and underwriting process for the modern age. At the same time, Principal has maintained enough of the “old way” to accommodate clients who prefer a more personal touch that puts the client and their advisor in control of the process. Read on for the details!