Best Life Insurance Companies
Principal Financial Group received high grades from its customers in this year's survey. The overall ranking was an 88.4, and it scored well with 4.5 out of 5 stars in customer service and 4.25 for value for price. Meanwhile, 87 percent of its members would recommend the insurer to friends and family.
A global leader
Known simply as The Principal to many, Principal Financial Group has undergone many transformations during its 135 year history.
The company was formed by Edward Temple as the Bankers Life Association in 1879. At that time, the Iowa firm provided life insurance coverage exclusively to bankers and their families. Although formed as an association, the business was converted to a mutual company in 1908 which allowed all policyholders to share ownership of the insurer.
Principal prides itself on its ability to provide exemplary financial planning service to everyone, no matter how large or small, from global markets to individuals planning for the future.
Today, the company has offices in 18 countries and employs approximately 13,000 workers. Despite its expansion into mutual funds, savings accounts and business services, Principal continues to offer a variety of life insurance products to individual customers.
- Term life insurance
- Universal life insurance
- Variable Universal life insurance
- Survivorship insurance
Additional products offered
- Disability income protection
- Retirement savings protection
- Estate planning
- Retirement plans
- Mutual Funds
711 High Street
Des Moines, IA 50392
General: (800) 986-3343
Insurance claims: (800)331-2213