Nation's premier provider of employee benefits noted as nation's fastest growing dental carrier
The Principal Financial Group has been recognized as the fastest growing dental carrier in the United States in the Life Insurance Marketing and Research Association (LIMRA) and the National Association of Dental Plan's (NADP) 2004 U.S. Group Dental Plans Annual Sales Executive Summary. According to the report released in May, The Principal( - the nation's third largest carrier based on employer contracts - increased sales of its employer-sponsored group dental plans by nearly 66 percent based on the percent of change to annualized premium. The company also increased its voluntary dental plan sales by 64 percent during 2004.
Theresa McConeghey, dental product director for the Principal Financial Group, attributes much of the company's success as a dental carrier of choice to the Principal Dental Series - touted as one of the most flexible dental products offered in the marketplace. The product was introduced to marketers in the fall of 2003, and available for January 2004 sale.
"Principal Dental Series offers marketers and their clients the ability to find almost any price point within any employee benefits budget. Not only do our customers have a full spectrum of benefit ranges - including deductibles, maximums and co-insurance - but the Principal Dental Series allows them to customize the provisional levels affecting certain procedural categories such as oral surgery, endodontics and periodontics," noted McConeghey.
The Principal has also made great strides in increasing its managed care network options. "In 2002 The Principal had nearly 48,000 national providers available to our customers. Today, through the growth of the Principal Plan Dental Network (PPO) and our leasing arrangements with other managed dental care networks such as Ameritas, we are able to provide our customers with 74,000 providers under management," said McConeghey. "It's this ongoing commitment to finding inventive products and services to help our clients meet their dental needs that's going to provide us continued success, and allow us to lead the industry for the benefit of our customers."
To learn more about dental products and services provided by the Principal Financial Group, visit www.principal.com.