Principal Financial Group Insurance – Coverage for Dr. Dental’s New Jersey Offices The Principal Financial Group is known for a multitude of insurance plans – the organization is a longtime provider of home, auto and life insurance – and they also offer a widely accepted dental insurance plan. Dr. Dental is a preferred provider of Principal Financial Group dental offerings, including all of our offices in New Jersey. Let’s look at some different plan features, along with how Dr. Dental can assist with all of your Principal Financial dental needs. Principal Financial Group Insurance Plans The Principal Financial Group offers different plants to fit different family needs. For employers, the...
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OMAHA, Neb., June 08, 2022 (GLOBE NEWSWIRE) -- Breeze, the Omaha-based insurtech company that's simplifying how disability and critical illness insurance are distributed, announced today the addition of the individual disability insurance product from Principal Financial Group This new integration, built onto Breeze's proprietary API, enables insurance distributors to easily embed the product into their own native, digital platforms and reduce quoting and application time to under 15 minutes. "We're thrilled for this partnership with Principal as it's in lockstep with our mission to be a full-stack provider of digital disability insurance products across a wide spectrum of occupations and...
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Principal Financial Group and Talcott close transaction Principal Financial Group has closed its transaction with Talcott to reinsure the company’s in-force U.S. retail fixed annuity and universal life insurance with secondary guarantee blocks of business. Under the agreement, the company has reinsured approximately $25bn of in-force statutory reserves, and Talcott has engaged Principal® to manage approximately $4bn in commercial mortgage loans and private credit assets for the lifetime of the assets. Principal continues to expect deployable proceeds of approximately $800m in 2022 from the closed transaction in combination with additional transactions designed to improve the capital...
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Principal Financial Group executives say efforts to wind down unwanted U.S. life and annuity operations are going well. Dan Houston, the Des Moines, Iowa-based company’s CEO, briefed securities analysts on the company’s realignment Wednesday, during a conference call the company held to go over earnings for the second quarter, which ended June 30. Principal announced June 28 that it intends to end the sale of U.S. individual fixed annuities and of retail U.S. individual life insurance. The company is planning to stay in the market for the kinds of individual life policies sold through executive compensation plans. “Our resulting go-forward strategy is focused on our growth drivers of...
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The Principal Financial Group is the world’s leading financial service groups. Principal offers both insurance and financial products to businesses and consumers worldwide. They have made a name for themselves by bringing affordable options and reliable policies to more than 18 million customers while providing services for consumers at a time that they need it most. As both an insurance and financial company, you can have confidence in knowing that the Principal Financial Group, or The Principal, will handle your money responsibly. Principal Life Insurance Company Background Founded in 1879, Principal Life Insurance Company has been around the longest when compared to other life...
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Looking for the best Westchester dentist who accepts Principal Life Dental PPO? We have many patients in the office who have Principal Dental PPO. They choose us because of the highest level dental care and outstanding customer service they receive at our office. Read their reviews and discover for yourself. Having a dental emergency? See our DENTAL EMERGENCY page for fastest service. Want to know more about your dental insurance? Please read this helpful guide. Principal Life Insurance offers a wide variety dental insurance plans, and the type of plan you have depends on the contract your employer signed with them. Many of the plans follow similar structure – but yours may have specific...
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(Nasdaq: PFG) today announced changes to its portfolio and capital management strategy to drive profitable growth, reduce capital intensity, sharpen its strategic focus, and generate long-term value for shareholders. These changes were approved by the Principal Board of Directors following a comprehensive review of the company’s business mix and capital management options that was undertaken as a part of a cooperation agreement with one of Principal’s largest investors, Elliott Investment Management, L.P. “This thorough and intensive review considered strategic fit, client needs, financial impact, and the risk profile of our business lines. The outcome will result in a more focused...
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Principal is ending some of its retail business after an activist investor called for a review of all of the company's operations. The Des Moines-based financial services company announced Monday that it will stop selling fixed annuities, term life and universal life insurance products to retail customers. The company will continue to sell those life insurance products to businesses that are looking to provide benefits to employees. The company has not said how the moves will affect its workforce, including the 6,300 workers in Des Moines. Spokesperson Teresa Thoensen said in an email that Monday's announcement will affect "less than 5%" of all roles at Principal's U.S. offices. She added...
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Opinion MICHAEL SONNICHSEN, Plaintiff, v. PRINCIPAL LIFE INSURANCE COMPANY, Defendant. DECISION AND ORDER Michael Sonnichsen, a self-employed stock broker and financial advisor, seeks the recovery of benefits under a disability income policy issued by Principal Life Insurance Company. Since Sonnichsen is self-employed, this is not an ERISA action. See, e.g., Patil v. Prudential Ins. Co., 197 F. Supp. 2d 716, 719 (E.D. Tex. 2002) ("An employer cannot form an [Employee Welfare Benefit Plan] for himself as the sole employee of the plan"); Smith v. Equitable Life Assur. Co. of United States, 148 F. Supp. 2d 1247, 1253 (N.D. Ala. 2001) (no ERISA plan because the insurance policy "covered...
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By Dan Houston, Chairman, President and CEO, Principal® As CEO of Principal, I routinely explain how our retirement business has grown both in size and scope. But retirement itself is undergoing a massive and unprecedented expansion—if not exponential transformation—both here in the United States and around the globe. Americans born in 1900 faced an average life expectancy of only 47 years. [i] This historic statistic will reshape our lives. It challenges us to reimagine what concepts such as “lifelong learning, a “second career,” or “senior health” really mean today. Governments and the financial services industry will have to collaborate closely on new innovations to support those who...
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