September is Life Insurance Awareness Month! Offer These Flexible Life Insurance Benefits with Principal

Principal offers employer-paid group term life and employee-paid voluntary term life (VTL) coverage with the contract flexibility to meet a variety of needs. Plus, employees and dependents can convert to individual insurance if coverage terminates. Click here to review the product details.

More coverage for your VTL guaranteed issue (GI) clients

Help clients get more out of their benefits with increased VTL GI amounts for employee groups with 5-99 lives:

Eligible Lives	GI Amount
5 to 9	$30,000
10 to 49	$100,000
50 to 99	$150,000

VTL benefit increase feature
A VTL open enrollment period—available annually at policy anniversary—allows employees and dependents to add new or increase existing coverage by up to two benefit increments (depending on the benefit design), without proof of good health, during each annual enrollment period.

• The open enrollment period is the calendar month immediately prior to the policy anniversary.
• An increase in coverage is not required in the prior year to be eligible to request an increase the following year.

Clients with a $10,000 benefit increment can increase by up to two increments. Clients with a $20,000 or $25,000 increment benefit design can increase by one benefit increment.

Contact your Cornerstone representative with any questions.