Death Benefit Only (Tax Exempt)
This simple and cost-effective plan promises select employees that in the event of their death while covered by the plan, their named beneficiary(ies) will receive the death benefit specified under the plan. The organization could purchase a life insurance policy on the key employees to help fund the liability, which could also provide key person coverage.
- Tax-exempt organizations
- Employers who want to tie key employees to the business
- Employers who want to reward key employees
Key materials listed below.
Business Case Submission Checklist (DD849R)
Form that must be used when submitting Life applications to BMA to fund business solutions.
View (PDF)
Advanced Markets Information
Technical material for applied knowledge on a specific topic.
View Advanced Markets Information
Important Information
This content is designed for use by financial professionals. Consumers may learn more about products and services on principal.com.
3433294-032024