Principal Life Insurance Company – A Comprehensive Guide

When it comes to protecting your family’s future, life insurance is an essential tool that can provide financial security and peace of mind. One of the leading providers of life insurance in the United States is Principal Life Insurance Company. In this article, we’ll explore the company’s history, products, services, and everything you need to know before choosing Principal Life Insurance Company as your life insurance provider.

History

Principal Life Insurance Company was founded in 1879 in Des Moines, Iowa, and has since become a major player in the insurance and financial services industry. The company’s heritage is grounded in the Midwest and continues to play a leading role in the region today. Started as Bankers Life Association by Edward Temple, the company’s original purpose was to provide life insurance to men and women who were not accepted by other companies due to their age, health or professional status.

Over the years, Principal Life Insurance Company has expanded and diversified its product offerings, including retirement planning and asset management services. Today, the company is a leading provider of group and individual insurance, as well as retirement, investment, and banking products.

Products & Services

Principal Life Insurance Company offers a wide range of products and services to meet the needs of individuals and businesses. Here are some of the company’s most popular offerings:

Life Insurance

Principal Life Insurance Company offers both term and permanent life insurance to individuals and families. Term life insurance is an affordable option that provides coverage for a specific period of time, whereas permanent life insurance offers lifelong protection and accumulates cash value over time. Whether you’re looking for protection for your family or business, Principal Life Insurance Company has a life insurance policy that can meet your needs.

Retirement Planning

Principal Life Insurance Company provides a range of retirement planning options to help individuals and businesses save for retirement. These options include 401(k) plans, IRAs, annuities, and other investment vehicles. The company also offers financial planning services to help individuals develop a comprehensive retirement plan that takes into account their unique financial situation and goals.

Investment Products

Principal Life Insurance Company offers a variety of investment products, including mutual funds, managed accounts, and individual securities. The company’s investment management team has more than 80 years of experience, and is committed to helping clients achieve their financial objectives through a disciplined investment process.

Banking Services

Principal Life Insurance Company provides banking services to individuals and businesses, including checking and savings accounts, loans, and credit cards. The company’s online banking platform makes it easy to manage your finances from anywhere, at any time.

FAQs

Question
Answer
What types of life insurance does Principal Life Insurance Company offer?
The company offers both term and permanent life insurance.
What is the minimum coverage amount for a life insurance policy?
The minimum coverage amount for a life insurance policy is $25,000.
What is the maximum coverage amount for a life insurance policy?
The maximum coverage amount varies depending on the policy and age of the insured.
What types of retirement plans does Principal Life Insurance Company offer?
The company offers 401(k) plans, IRAs, and annuities.
What types of investment products does Principal Life Insurance Company offer?
The company offers mutual funds, managed accounts, and individual securities.

Conclusion

As one of the leading providers of life insurance, retirement planning, investment, and banking products in the United States, Principal Life Insurance Company has a long history of providing excellent service and financial stability to its customers. Whether you’re looking for life insurance, retirement planning or investment products, Principal Life Insurance Company can help you achieve your financial goals.

If you’re considering Principal Life Insurance Company for your life insurance needs, be sure to review the company’s offerings and policies to ensure you get the coverage that’s right for you and your family. With Principal Life Insurance Company on your side, you can have the peace of mind knowing that your loved ones will be taken care of if something should happen to you.