Principal Financial Group announced Wednesday that it will provide a financial services hotline for beneficiaries of group and voluntary term life insurance products.
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On the hotline beneficiaries can speak to experienced financial professionals who can answer questions and help develop an overall investment strategy.
When life insurance claims are processed, Principal Financial Group, a Des Moines financial services company, deposits the proceeds into an individual interest draft account. Beneficiaries can use this account to write personal drafts, transfer funds, or buy other financial products available through Principal.
All existing and new group and voluntary term life beneficiaries can take advantage of this service immediately.
