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Group insurance

What is group insurance?

Group insurance describes insurance that covers a group of people—in your case, your employees. Group insurance is part of a comprehensive employee benefits package and can include a mix of insurance products.

Who pays the insurance premium?

You can choose to pay for all, part, or none of the premium with most of our insurance products. If your budget is tight, employees could pick up the entire cost of premium with voluntary insurance.

What group insurance products should you offer?

Consider offering a combination of insurance products to build a comprehensive benefits package, with the ease of managing it all in one place.

Why offer group insurance from Principal?

Great employee benefits can help you attract and keep quality employees. Our comprehensive products and services give you the flexibility to design benefits that work for you and your employees. With Principal, you can:

  • Customize coverage to help meet your employees’ needs.
  • Choose to pay all, part, or none of the premium.
  • Tailor benefits to your specific business size.

Every benefits package from Principal also includes a variety of services to make offering benefits easy—you choose the education and enrollment methods that work best for your business. Then go online to administer your benefits.

Plus, if you offer group benefits from Principal, your employees and their dependents may have access to either an employee assistance program (EAP) or a free emotional health support line.2

Tools and resources to help you and your business.

Assess your business needs

Use this tool to get a personalized report to explore best practices for helping protect your business, your employees and your lifestyle.

Compare your benefits

See how your benefits compare to what other organizations of your size, industry, and region offer their employees.

1 Specified disease in New York.

2 This service is not part of the insurance contract and may be changed or discontinued at any time. Principal is not liable for products and services provided by third parties. Not available with group life policies issued in New York.


This is an overview of the benefits insurance provides, but there are limitations and exclusions. For cost and coverage details, contact your Principal representative. Insurance is issued by Principal Life Insurance Company®, a member of the Principal Financial Group®, Des Moines, IA 50392.