Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

Retirement Plan Administration Consultant

TSC
(Telecommute / Edina MN)

TSC logo

Plan Administrator

Forrestall CPAs, LLC
(Buford GA)

Forrestall CPAs, LLC logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

By Date   |   By Company Name


View More Press Releases by Principal Financial Group

Press release:

New Digital Capabilities from Principal Streamline Term Insurance Purchase Process

Issued by: Principal Financial Group

Date: Oct. 22, 2019

Principal offers end-to-end digital capabilities to help close life insurance gap in U.S.

DES MOINES, Iowa, October 22, 2019 -- In an effort to increase insurance coverage in the U.S. and simplify the term insurance purchase process, Principal Financial Group® has announced a new digital experience, Principal Life Online. This innovative, digital solution streamlines the term life insurance buying experience from application submission to policy delivery.

Principal Life Online can save an average of 30 days from the traditional paper term purchase experience and is up to 3x quicker than the previous experience.

“Customers expect a seamless online experience in most places they shop, but insurance hasn’t historically been easy to purchase,” said Greg Linde, senior vice president of individual life insurance at Principal®. “Principal Life Online helps qualified customers get covered quicker and with less hassle and helps advisors better serve their clients.”

How it works
The process is quick and easy. The advisor submits a ticket – just like they do today. Principal emails the online application to the client. Once completed, qualified applicants go through the Accelerated Underwriting process, which eliminates the need for labs for approved individuals. Once the policy is issued, Principal emails the policy to the customer for review and e-signature. Then the final policy is emailed to both the advisor and client.

“Our Principal Life Online process has been a game-changer for the industry,” added Linde. “Six in 10 Americans don’t have individual life insurance /1/. By making it easier for people to get coverage, we hope to increase the number of Americans who have enough to protect their loved ones.”

About Principal®
Principal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at principal.com.

/1/ LIMRA / Life Happens

BL:hh

View More Press Releases by Principal Financial Group


This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2020 BenefitsLink.com, Inc.