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Principal Life Insurance Company

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
To learn more about financial strength ratings click here

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 Terms You Should Know
life insurance terms

Life Insurance Terms You Should Know   Just like with lawyers, members of the insurance industry use unfamiliar terms when they discuss the various products they represent. Not because they’re smarter than anyone else, it’s just the nature of the industry. Certainly, anytime you’re speaking with an agent, you can … Continue reading Life Insurance Terms You Should Know

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Life Insurance Myths Debunked
life insurance myths

As a general rule, every type of insurance can be confusing, especially when a layperson listens to life insurance myths and attempts to read the content of an actual policy. Not because they don’t understand the concept of insurance, because most people do; but because policy information is typically written … Continue reading Life Insurance Myths Debunked

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Like to Drive Fast? It Could Be Costing You in More Ways Than You Think
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The amount of money that you pay every month for your life insurance policy is based on a number of different factors. You might be surprised to know that your driving record is one of them. Insurance companies are always assessing the risks involved in taking on a new policyholder. … Continue reading Like to Drive Fast? It Could Be Costing You in More Ways Than You Think

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