We listened to you and extended our life application expiration date
In the past, our life insurance application has been good for 90 days after the client signed it. However, we're hearing that our expiration period in some circumstances just doesn't provide enough time.
Effective July 1, 2018, we changed our expiration time frame from 90 days to 180 days. We hope this change provides a better experience for both you as well as the customer. This change applies for new applications as well as applications already in process.
How you’ll benefit
- No need to obtain a new application prior to issue for cases that may take longer to underwrite
- Better ability to reopen closed cases with an existing application on file
- A better overall client experience
Insurance issued by Principal National Life Insurance Co. (except in NY) and Principal Life Insurance Co. Securities offered through Principal Securities, Inc., 800/247-1737, Member SIPC and/or independent broker/dealers. Principal National, Principal Life, and Principal Securities 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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