Insurer Spotlight: Principal Financial Annuities and Company Basics
- Principal Financial offers immediate annuities, longevity annuities and QLACs
- Principal Financial currently has $668.6 billion assets under management
- You can purchase an income annuity from Principal Financial with Blueprint Income
Principal Financial Group is ranked No. 227 on the 2017 Fortune 500 list and is a publicly traded member of the S&P 500 index. It recorded full year operating earnings of $1.5 billion in 2017 and had assets under management of $668.6 billion at year-end 2017.
Products Offered by Principal Financial
As a strongly rated insurance company, below are available Principal Financial annuities currently offered:
|Type||Name||Minimum Initial Premium||Minimum Recurring|
|Immediate Annuity (a.k.a Single Premium Immediate Annuity)||Immediate Income Annuity||$10,000||Not possible|
|Longevity Annuity (a.k.a. Deferred Income Annuity)||Deferred Income Annuity||$10,000||$2,000|
|Qualified Longevity Annuity Contract||Deferred Income Annuity||$10,000||$2,000|
|Fixed Rate Annuity (a.k.a. Multi-Year Guaranteed Annuity)||Preferred Series Annuity||$5,000||$2,000 for each premium in first contract year only|
|Select Series Annuity||$5,000 for 4,6,9 year guarantees and $50,000 for 3 years.||Not possible|
Read More About Principal Financial Group:
How Can I Purchase Principal Financial Annuities?
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