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Important year-end details for individual life and disability insurance

11/05/2018


The end of the year is fast approaching! To help guarantee your life and individual disability business is processed and paid in 2018, we need all final underwriting and administrative requirements for policy approval and issuance (including premium) by Dec. 17, and all delivery requirements for new business, adjustments and reinstatements by Dec. 26. While we won’t be able to guarantee processing after these dates, we’ll continue to process year-end business through Dec. 31.

Key dates and holiday hours

Nov. 22 and 23 – Closed to observe the Thanksgiving holiday
Dec. 17 – Final underwriting and administrative requirements for policy approval and issuance including premium to be processed as 2018 activity
Dec. 24 and 25 – Closed to observe the Christmas holiday
Dec. 26 – Final delivery requirements for new business, adjustments and reinstatements to be guaranteed for 2018
Dec. 28 – Last day variable business can be placed in force to count for 2018  
Dec. 31 – Last day fixed business can be placed in force to count for 2018
Jan. 1 – Closed (New Year’s Day)

Note: Effective dates of underwritten adjustments and reinstatements are determined by each contract and will be processed on the monthiversary following underwriting approval. Please call 800-654-4278 and see below for an option specific to your request.

Holiday TeleApp hours (Central)

Nov. 21 – 7 a.m. to 7 p.m.
Nov. 22 and 23 – Closed to observe the Thanksgiving holiday
Dec. 24 and 25 – Closed to observe the Christmas holiday
Dec. 31 – 7 a.m. to 5 p.m.
Jan. 1 – Closed (New Year’s Day)

For more information
 

Life New Business 800-654-4278, options 3,2
Individual Disability Insurance (IDI) 800-654-4278, options 3,2
Life Administration 800-654-4278, option 4
Individual Disability Existing Business 800-654-4278, options 4,3
TeleApp Contact Center 888-835-3277 (1-888-TELEAPP), option 1 for scheduling or status, or option 2 for advisor/client immediate interviews


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.

635557-102018

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