Principal Adds Disability to Benefit Offerings

March 13, 2006 ( - The Principal Financial Group has added group voluntary disability insurance to its suite of voluntary worksite products.

The group voluntary disability builds on a wide range of disability benefit options so employers can tailor a program to fit their individual needs while keeping costs down, according to the announcement.  

Different solutions can also be offered to different groups of employees within the same company and some employers may choose to provide voluntary disability insurance through the personalized needs-based enrollment experience of Principal Work Secure.

Principal Work Secure partners a salaried Employee Benefits Specialist from the Principal Financial Group with the broker and the employer to put together a comprehensive enrollment strategy for the voluntary benefits the employer chooses to offer employees, the announcement said. Employees are then provided with access to a team of insurance and financial professionals at the workplace. 

Using an interactive needs analysis tool, these financial professionals help employees identify gaps in insurance and financial protection and then prioritize and select the most appropriate type of voluntary benefits both inside and outside of the group program.

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