The coronavirus (COVID-19) pandemic has created unprecedented times. And like many of you, Principal is closely monitoring the spread and impact.
Principal wants to help. One way they will do that is to remove renewal conversations that are going on right now. For employers with less than 500 employees and policy anniversary dates of May 1, 2020 through Aug. 15, 2020, there won’t be any rate increases. *
As a reminder, you can find answers to COVID-19 questions on the Principal website, such as what is or isn’t covered under policies, continuing coverage for layoffs/furloughs, and billing/premium information.
Over Principal’s 140-year history, they have had significant experience in navigating periods of volatility and uncertainty. And this time is no different. The focus, as always, will be on helping customers protect their financial security.
Contact your RBG representative with any questions.
We’re here and ready to help, in any way we can.