Principal Variable Universal Life Income III (VUL Income III) provides life insurance benefits and a variety of investment choices. With its focus on income out of the policy, it is a good option to help fund nonqualified plans such as executive bonus, key person and split dollar.

Key product features

• Death Benefit Guarantee rider (to 65, 85 or 100)
• Return of Cost of Insurance (COI) rider
• Surrender Value Enhancement rider (high early cash value)
• Contractual zero net-cost loans after policy year 10
• Life Paid-Up rider (over-loan protection)

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