Dividend scale changes impact life products
Principal Life Insurance Company periodically reviews the experience of participating life insurance policies to determine whether or not changes are needed to the current dividend scale. Based on our most recent review, Principal Life is adjusting the dividend scale for Individual life insurance products.
View this Q&A (BB12273) (PDF) for more information.
Customers will be informed in their Policy Annual Statement, which in part will read:
“During the past year, the company changed the dividend scale which could affect your policy values. The dividend scale was adjusted to reflect the experience of participating life insurance policies like yours, which has been different than expected. Some policies will receive a higher dividend, some policies will receive a lower dividend, and some policies will see no change in dividends this year. You may request a current illustration of your policy by following the instructions in the Important Policyowner Notice, above.”
For more information: Marketer Support Line, 800-654-4278, options 4, 2 (Life Administration)
For financial professional use only. Not for distribution to the public.
Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Plan administrative services offered by Principal Life. Principal National and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392.
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