Principal’s Business Value Increase Rider - Enhance Your Buy-Sell Offering
From Principal:
Are you looking for an innovative way to help your business-owner clients protect their growing enterprises? We're excited to introduce the Business Value Increase Rider from Principal®, a powerful addition to select life insurance policies that can keep pace with your clients' business growth.
Key Benefits of the Business Value Increase Rider:
Automatic Coverage Increases: 5% increase in face amount at the end of years 1 and 2.
Growth-Based Adjustments: Additional increases based on business value growth at the end of year 3.
No Additional Underwriting: Face amount increases without further medical exams.
Flexible Options: Available with Principal® Term and Principal Universal Life Provider Edge II℠.
Cost-Effective: No upfront cost for the rider (premiums/charges adjust with increases).
Additional Features:
Minimum face amount to add rider: $1 million
Maximum lifetime cumulative increase: Lesser of 300% of initial face amount or $7.5 million
Help your clients protect what they've built and prepare for future growth. Plus, offer them a complimentary informal business valuation from Principal® to get started.