Principal Life Insurance Company

Principal Financial Group

711 High Street
Des Moines, IA 50392

Phone: (800) 986-3343
Company Website:  www.principal.com

About Principal Financial Group

It was a modest proposal that Edward Temple, a banker from Chariton, Iowa, presented to his colleagues in 1879 when they formed Bankers Life Association – “to establish an association which provides inexpensive and dependable life insurance protection for bankers and their employees…”

Now, 132 years later, the little association has grown to become the Principal Financial Group – an industry leader with 15,000 employees, 15 million customers and more than $144.9 billion of assets under management.  They are one of the largest employers in Iowa, one of Fortune’s 100 Best Companies to Work for and a Fortune 500 Company.

They have expanded their product offerings from solely individual life insurance to a wide range of financial products and services including retirement and investment services; life and health insurance; and mortgage banking.  The company became a public company in October of 2001.

Financial Strength Ratings

A.M. Best (20 ratings)               A+ (2)
S&P (20 ratings)                         A+ (5)
Moody’s (21 ratings)                 A1 (5)
Fitch (21 ratings)                       AA- (4)
Weiss (16 ratings)                     B+ (4)
Comdex Ranking (Percentile)  90

 Ratings as of 10/20/16

Latest News

Life Insurance for Marijuana Users
life insurance for marijuana users

Many people are under the impression that you cannot buy life insurance for marijuana users. In fact, many applicants lie about their usage and then are denied coverage, not because they use marijuana, but because they lied about it. Insurance companies refer to this as misrepresentation. The truth of the matter is using marijuana does […]

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The Pros and Cons of Using Life Insurance as an Investment
life insurance as an investment

When we consider using life insurance as an investment, there are as many people in favor of it as there are opposed. Certainly, financial gurus like Dave Ramsey and Suze Orman are against life insurance for any reason other than a death benefit, but remember, while speaking out against most life insurance products, they are […]

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Death and Taxes … and Life Insurance
life insurance and taxes

Life insurance provides your family and loved ones with a vital financial safety net in the event of your death. But with a variety of life insurance policy options available, many people wonder exactly how to handle their policies when it comes to filing taxes. The good news is that in most cases, you do […]

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