As a former Iowa State University employee who was covered under our group life insurance and/or the voluntary term life insurances you are eligible to convert and/or port your coverage with the Principal Life Insurance Company.
Deadline dates for applying for coverage:
- Group Term (Basic) Life: You have 30 days from your coverage termination date (first of the month following last day worked) to apply and pay the initial conversion premium.
- Voluntary Term Life: You have 60 days from your coverage termination date (first of the month following last day worked) to apply and pay the initial portability premium for you and/or your dependent voluntary term life coverage.
- Dependent Term Life: You have 30 days from your coverage termination date (first of the month following last day worked) to apply and pay the initial conversion premium.
If you are interested in applying for the coverage(s), please visit the Principal Life Insurance Company “Portability & Conversion Website” at www.principal.com/ISU for instructions and more information.
If you have any questions regarding Group Term (Basic) Life, Voluntary Term Life or Dependent Term Life, please contact Principal at 1-800-843-1371, select Directory Assistance, enter ext 44335.
If you have any questions regarding your current coverage amounts please contact; University Human Resources Benefits Office. Phone 877-477-7485 or 515-294-4800. benefits@iastate.edu.