Reminder: New Applications Available in Additional States
Effective Oct. 23, 2023, the updated life insurance application is available in CA, FL, MT, ND, SD, and WY.
Transition guidelines:
Oct. 23, 2023
- Updated Life applications for all products are available for CA, FL, MT, ND, SD, and WY.
- Current applications for these states can be used with the updated Part B (comingled) or updated Parts A and C can be used with the current Part B.
Jan. 5, 2024
- Current Life applications for CA, FL, MT, ND, SD, and WY will no longer be accepted except to satisfy a final underwriting and/or administrative requirement for policy issuance.
- All final underwriting and administrative requirements for policy approval and issuance must be received in our home office for comingled and/or complete current CA, FL, MT, ND, SD, and WY applications.
- For comingled and complete current applications that involve a 1035 exchange, all final underwriting and administrative requirements must be received to start the exchange.
Jan. 31, 2024
- Last day policies using comingled or complete current applications for CA, FL, MT, ND, SD, and WY can be issued by the home office.
Applications must be completed in the United States
A reminder that completion of the application process, including e-signatures, must be done in the United States (US). Principal Life Insurance Company and Principal National Life Insurance Company are only licensed to do business within the US. If it’s determined that an application was completed and/or e-signed outside of the US, the contract could be at risk of being null and void.