01-30-2009
Principal introduces Key Person Product and Loan Protection rider.

Principal introduces a Key Person Product and a Loan Protection rider on their BOE contract.

A first for our traditional carriers, Principal has just introduced a Key Person contract that will protect a business if their Key Person becomes too sick or hurt to perform their duties as such.

Additionally, Principal has added a Loan Protection rider to their BOE contract. This can indemnify the insured to the lender for the amount a business loan.

Please download the document below for further details and state approvals.
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