Financial professionals now are able to offer more flexibility and choice to their customers. The Principal Financial Group® has enhanced its universal life product offering with the introduction of Principal Universal Life Flex II SM and Principal Universal Life Accumulation II SM that are designed to help meet the protection needs of individuals and small-to medium-sized business owners. “In these uncertain financial times, a lack of appropriate life insurance coverage puts families and businesses at greater risk,” said Nick Cecere, vice president, U.S. Insurance Solutions Distribution for The Principal ®. “Individuals and small businesses need access to flexible and affordable life insurance products that can change as their needs change over time.” Principal Universal Life Flex II features a low-cost design, flexible premium payment structure and adjustable death benefit coverage. This combination makes it a highly versatile product that can grow as needs change. Principal Universal Life Accumulation II provides death benefit protection with cash value growth potential that can provide supplemental income for personal needs and help owners protect their businesses with solutions such as Executive Bonus and Key Person plans. Principal Universal Life Flex II and Universal Life Accumulation II both feature a 10-year no lapse guarantee, super standard underwriting class, choice of three death benefit options, over-loan protection through a Life Paid-Up rider, automated income withdrawal options and consistent, non-volatile cash accumulation potential. A new chronic illness rider is also available with both products offering added flexibility. As many as one in four Americans have multiple chronic conditions, leaving many concerned about the financial impact of illness. This rider allows a policyholder diagnosed as chronically ill to accelerate a portion of the policy’s death benefits. The funds accessed using this living benefit can be used to help pay daily living expenses or reduce debt.