New GI Term product approved in South Dakota

Life Insurance:::

02/28/2023

The new Principal^® 10-year and 20-year Guaranteed Issue (GI Term II) product is available in South Dakota effective March 1, 2023.  

GI Term II is a new, standalone product designed to meet a variety of business needs. When using life insurance as part of a key employee benefit, participants can appreciate being insured without worrying about medical exams and health questions.  

GI Term II highlights 

• Face increase flexibility. Salary Increase Rider or contractually through a job level change 
• Two risk classes. Standard and Preferred 
• Convertibility. Flexibility to convert to permanent, cash value product later  
• Fund multi-life business cases. Use with groups of 10 or more to fund business solutions such as key person, business succession, and key employee benefit plans.   

Resources 
Transition guidelines  | GI Term II web page

Questions?  
Call the National Sales Desk 800-654-4278. 

For financial professional/institutional use only. 

Insurance products issued by Principal National Life Insurance Co. (except in NY), Principal Life Insurance Company®, and the companies available through the Preferred Product Network, Inc., Plan administrative services provided by Principal Life. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.Insurance products and plan administrative services provided through Principal Life Insurance Company®, a member of the Principal Financial Group®, Des Moines, IA 50392. 

Guarantees are based on the claims-paying ability of Principal Life Insurance Company. 

Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and services marks of Principal Financial Services, Inc., in various countries around the world. © 2022 Principal Financial Services, Inc. 

 2648388-012023 | 01/2023