Provide More Business Owner Solutions With GI Term
Enhancements to enrollment process make GI Term even easier
Principal® Guaranteed Issue (GI) Term is an innovative solution suitable for a variety of business needs. We’re excited to let you know we’ve made enhancements to the employee application process, and soon, we’ll be eliminating the need for financial professionals to sign each application, too. Review the program details and enrollment process in the GI Term overview.
Help clients make their financial priorities a reality
Findings from our recent check-in survey with business owners* show many are focused on protecting their business, planning for business succession, and offering key employee benefits as top priorities. You can help them address these types of needs with the following solutions funded with GI Term.
- Key person insurance offers a simple, affordable way for businesses to recover costs associated with the loss of top employees due to death, disability, or departure. Learn more
- Buy-sell strategies help business owners plan for future contingency events that may impact their ability to effectively transition their business. Learn more
- Key employee benefits:
- Death benefit only plans help businesses retain select key employees by promising that a death benefit will be paid to their beneficiaries in the event of their death while covered by the plan. Learn more
- Executive carve-out coverage is a benefit designed to provide additional protection above the amount of company-sponsored group life insurance.
Additional business resources
Principal® Deferred Comp – Select Reward. Our new financial model can help you show employers the benefits of this plan to help them reward and retain key employees.
* The 2022 Principal Business Owner Insights survey is based on 1,018 online interviews conducted in January 2022 by Dynata.