March 31, 2020: Principal Response to COVID-19

Concerned about premium payments for employer-provided insurance policies?

Principal understands this might be a financially challenging time with the uncertainty surrounding COVID-19 and are extending grace periods to 60 days for monthly bills through June 1, 2020. Principal is actively monitoring grace period changes at a state level and will implement those requirements that have a grace period longer than 60 days.

Concerned about premium payments for individual insurance policies?

In order to retain your coverage with Principal, you still need to pay all insurance premiums. However, during this health crisis, they will be as flexible as reasonably possible. Consider these options that may make it a little easier to make your individual disability and life insurance premium payments.

  • set up flexible payment options
  • change frequency of premium payments
  • send electronic payments or EFTs

or updated news on Principals’s response to COVID-19, please click here.

Disclaimer: Please note that these policies are subject to change due to carrier, local government, state government, or federal government regulation.

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