PRINCIPAL UPDATES BUY/SELL PRODUCT.
Principal has repriced and enhanced their Buy/Sell contract and introduces Buy/Sell for One!
Lower rates, new level benefit after age 60 option and Advanced BU all part of the new HH794 Buy/Sell product.
New One-Way Buy Out now available. This will allow a Key Person of the firm to fund a Buy/Sell agreement between themselves and the current owner. If the current owner becomes disabled, the Key Person would have then have funds from the policy to buy the business.
Please download the transition guidelines with state approval list here.Download PDF
Download new Buy/Sell product profile.Download PDF
Download new One-Way Buy Out product profile.Download PDF