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Principal Available Down to 2 Lives Effective 5/1/21!

Principal has exciting news to share. Beginning with May 1, 2021 effective dates, Principal will be able to quote down to 2 lives! Their updated guidelines are:

  • Dental: standalone at 2 lives.
  • Vision, Life, STD, LTD: standalone at 5 lives or down to 2 lives with 2+ lines of coverage.
  • Voluntary guidelines: Principal still requires 5+ eligible lives to quote voluntary coverage, but they will now accept down to 2 enrolled lives per coverage.  They will continue to require the lesser of 50% or 5 enrolled lives in New York.
  • Family Content: for groups with 2 employees, neither individual can be related by blood or marriage.  
  • Actively at Work (AAW) requirement: both employees must be actively at work.
  • Contributory coverage: allowed down to 2 lives, but both lives must participate.


Principal is in the process of updating their marketing materials. B&P will also be updating documents to reflect these new guidelines.


For questions or help with a Principal quote, please contact a member of your B&P Sales Team - 888.722.3373.