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Last Updated: 04/18/2025

Principal Life Insurance

from Principal Financial Group

Last Updated: 04/18/2025

Strongly recommended12 total votes

12 users recommend

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Highlights

Community Rating

Strongly recommended

Term Life Death Benefit Range

$200,000 - $1,000,000

Term Options

Term Life
Level Term
Decreasing Term

Financial Strength Rating

A+(Verified 04/18/2025)

Number of Reviews

Principal Life Insurance Review

Principal life insurance Pros & Cons

Pros

Cons

Offers life insurance policies that don't require medical exams.
Life policy terms of up to 30 years.
Strong financial rating
Available in all 50 states.
Access to multiple life insurance policy types.

Principal Financial Group is a life insurance carrier based in Des Moines, IA. The company was founded in 1879 and offers life insurance products in 50 states (and Washington, DC).

Principal life insurance FAQ

What types of life insurance products does Principal Financial Group offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Principal Financial Group offers.

Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Principal life insurance offers term lengths ranging from 10 to 30 years. Death benefit amounts range from $200,000 to $1,000,000.
Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
Decreasing Term Life Insurance- These types of term life insurance policies has fixed premiums but the death benefit decreases over the duration of the term life insurance policy.
Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
Variable Universal Life Insurance - These types of universal life insurance policies provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.
Indexed Universal Life Insurance - These types of universal life insurance policies allows policyholders to place the cash value of the life insurance policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.

What is SuperMoney's financial rating of Principal Financial Group?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Principal Financial Group an A+, which is the highest available rating we give to life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

711 High Street

Des Moines, IA 50392

Visit Site

Email Support

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SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.

+100

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Principal Life Insurance Community Reviews

Would you recommend Principal Life Insurance to your friends?

Mazhar C.

Nov 25, 2022

May or may not recommend

I've heard many great things about this company! I know several family members that use it and have never complained so I wouldn't doubt their services.

Chaster H.

Oct 24, 2022

May or may not recommend

This company has some great rates! Friendly customer service and will to help anyone who looking for some life insurance. We all need life insurance, because we never know what's going to happen with us or a love one. Life insurance is important give this company an opportunity to get you some great rates.

Noam W.

Apr 5, 2022

May or may not recommend

Can potentially save money and your family with the range of coverage Principal Life Insurance offers.

Marianna P.

Mar 19, 2022

May or may not recommend

I've heard many great things about this company! I know several family members that use it and have never complained so I wouldn't doubt their services.

Temitope O.

Feb 15, 2022

May or may not recommend

I signed up for principal life insurance because it was recommended and I pretty much enjoy their rate.

Dnajh A.

Oct 6, 2021

May or may not recommend

Easy company to work with as well as good customer service.

Salim L.

Jul 16, 2021

May or may not recommend

Wonderful financial service firm that operates in multiple countries. Their term and universal life insurance offer amazing coverage, The best part is, you can get online quote

Maci B.

Jul 14, 2021

May or may not recommend

Principal life insurance is a great company if you need life insurance

Jonathan L.

Jul 7, 2021

May or may not recommend

Great customer service and attention to detail. I would recommend them.

Aven W.

Jun 21, 2021

May or may not recommend

The principal is a long-standing financial services firm that spreads over 25 countries throughout worldwide marketplaces. They provide term and universal life insurance in all 50 states, however, whole life insurance is not currently accessible. For term plans, you can receive online quotes, but you'll need to work with a financial expert to get tailored pricing and coverage.

Adebola O.

Jun 16, 2021

May or may not recommend

I opted for principal life insurance because of their rate that is very affordable. Little did I know they will keep to their promises like this. I love the way they relate with me too. I'll definitely renew my policy

Lucky Lou L.

Jan 6, 2021

May or may not recommend

My whole family acquired our dental insurance from Principal and it has been our provider for two years now. We chose it simply because of their competitive rates. When we availed the service, everything went smooth. Our policy will be expiring soon and we thought of renewing it with Principal again. We have no problem communicating with them and they are always reachable.

Showing 12 of 12 reviews