Children Term Insurance Rider to be discontinued in Maryland
Effective Jan. 1, 2019, the Children Term Insurance Rider will no longer be available with any new Principal® life insurance policy in Maryland due to applicable state regulation.
Here’s what you need to know:
- This change applies to all currently marketed individual term and permanent life insurance products from Principal.
- There is no impact to in force policies that have the rider.
- Dec. 30, 2018 – This is the last day to illustrate/quote a policy with the rider using the Principal Illustration system, WinFlex platform or third-party quoting platform.
- Dec. 31, 2018 – A policy application with the Children Term Rider selected must be received in our home office by this date to get the rider.
Call the National Sales Desk at 800-654-4278.
Insurance 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.
For financial professional use only. Not for distribution to the public.
© 2018 Principal Financial Services, Inc., Principal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc, a member of the Principal Financial Group.
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