UL Provider Edge II
When your individual and business clients have a need for long-term life insurance protection at a reasonable cost, Principal Universal Life Provider Edge IISM (UL Provider Edge II) can be an attractive option. With its coverage longevity and cash-value accumulation, UL Provider Edge II offers increased protection over term insurance and greater flexibility than guarantee universal life insurance. As an added benefit, experience the speed and ease of Principal Accelerated UnderwritingSM.
- This product is approved in all states.
- View UL Provider Edge II Profile (BB12503) (PDF)
- A straightforward, transparent design with low sensitivity to interest rate fluctuations—offering more certainty for your clients
- Cost-effective, long-term protection on a current assumption basis—or the option to add another level of protection with the Extended No-Lapse Guarantee Rider1 that can provide guaranteed coverage to age 100
- Early access to death benefit values for a chronic illness with an accelerated benefit rider1 available at no additional cost2
- Cash value growth not tied to market fluctuations
- Innovative Business Value Increase Rider1 that allows businesses to increase the amount of their coverage as the value of their business grows
- Time-saving Principal Accelerated Underwriting℠—a simple way for your clients at Standard or better to get the coverage they need3
1 Rider availability varies by state.
2 There’s no cost to have the rider. A discount factor is applied to benefits paid at the time of a claim.
3 Accelerated Underwriting is an expedited underwriting program offered by Principal Life Insurance Company that eliminates paramed exams and lab tests for 45-55% of Preferred and Super Preferred applicants who qualify. Applicants may qualify based on age, face amount, and personal history.
Some things for Clients to Consider:
- Universal life insurance has fees and expenses that can impact its cost and cash value growth.
- Of policy performance is less than expected, an increase in premium payments may be needed.
- This product may require more active management by the policyowner due to its flexibility and cash value component."\
- Issue ages/underwriting classes: 20-85: Standard, Super Standard, and Preferred; 20-80 Super Preferred
- Minimum fact amount: $100,000
- Cost of insurance rate bands: $100,000-$1 million; $1 million+
- No-lapse guarantee: Ages 20-75: 10 years; age 76: 9 years; age 77: 8 years; age 78: 7 years; age 79: 6 years; ages 80+: 5 years
- Cash Value Accumulation Test or Guideline Premium Test
- Death benefit options 1 – Level; 2 - Increasing
For more information about UL Provider Edge II, refer to:
- Product Guide (BB11702) (PDF)
- Interest Rate history
Key materials listed below.
Product Profile (BB12503)
Learn more about the product details, target market, and consumer-friendly features for UL Provider Edge II.
Materials approved for use with consumers
- Chronic Illness Rider Consumer Brochure (BB10935)
Explains how life insurance can provide access to funds before death in the event of a chronic illness.
View (PDF) • Order
- Chronic Illness Rider Consumer Brochure - California (BB10935CA)
California-only version of consumer brochure.
View (PDF) • Order
- Chronic Illness Rider Promotional Flyer (BB11961)
A quick look at the benefits of this no-cost rider.
View (PDF) • Order
- Cost of Living Increase Rider Flyer (BB12168)
Explains how the policy coverage can increase over time to keep up with increases in every day expenses.
View (PDF) • Order
- Life Paid-Up Rider Flyer (BB12012)
Explains how this rider can help consumers enjoy the tax advantages of life insurance by keeping their policies from lapsing..
View (PDF) • Order
Materials approved for producer use only
- Chronic Illness Rider Producer Email (LF1029)
Highlights how this rider can help protect clients in the event of a health surprise.
View (OFT)
- Chronic Illness Rider Training Guide (BB11960)
Provides details such as availability, eligibility, requesting a claim, and cost. Also compares it to long-term care riders.
View (PDF) • Order
Chronic Illness Rider Approvals: Available in all states except NY
- Contact Us: Life Sales Support
- Run an Illustration
- Review Life New Business Guide (BB10816) (PDF)
Important Information
Premium payments can be increased, decreased or skipped provided there is enough accumulated value built up within the policy to cover the cost of insurance and other policy charges.
The policy rider descriptions are not intended to cover all restrictions, conditions or limitations that may apply. See the policy and rider for full details. Riders are subject to state variations and may not be available in all states. Some riders may require additional premium.
All guarantees are subject to the claims-paying ability of the issuing insurance company.
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