Insurance Quotes
Principal Financial Life Insurance
By Insure.com
Last updated June 15, 2009
About Principal
The Principal Financial Group is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $236.6 billion in assets under management and serves some 18.8 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG.
Wiki Says
The Principal Financial Group (The Principal) is a global financial services provider which offers a wide range of financial products and services, and is the U.S. leader in 401(k) plans. Headquartered in Des Moines, Iowa, the company has more than 18 million customers worldwide. As of December 31, 2006, assets under management exceeded $282 billion. It was ranked 261st on Fortune magazine’s list of the 500 largest U.S. corporations.
Principal Life Insurance Says
Life insurance provides a degree of financial protection against the certainty of death and can help survivors achieve specified financial objectives. Types of life insurance available from Principal Life include universal, variable universal, survivorship, and term. Universal life insurance delivers flexible death benefits and premiums, accumulating a cash value at a floating rate interest with a minimum rate guarantee. Variable life insurance combines the flexibility of universal life with the performance of investment accounts, with potential growth in cash value and death benefits tied to the accounts' performance. Survivorship life insurance is commonly used in estate planning, where the first spouse to die leaves his or her estate to the surviving spouse, utilizing the unlimited marital estate tax deduction; the estate then becomes taxable upon the death of the second spouse. Term life insurance provides protection for a specific period of time, often renewable after the policy term without evidence of insurability, and costing less than permanent life insurance in the short term.
Contact Principal at:
Principal Financial Group
711 High Street
Des Moines, IA 50392
Telephone: (800) 986-3343
Sources: Principal press release, June 11, 2009; “Principal Financial Group”, Wikipedia, June 9, 2009; Principal web site
Ready to get a quote?
Get quick and easy insurance quotes
