Insurer Spotlight: Principal Financial Annuities and Company Basics

Published March 8, 2018
Principal Financial, founded in 1879, is one of the annuity providers on Blueprint Income's platform.
  • 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.

principal annuities

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:

  1. Principal – About Us
  2. Principal – Financials
  3. Principal – Newsroom

How Can I Purchase Principal Financial Annuities?

At Blueprint Income, we offer annuities from more than 15 top rated insurance companies, including Principal Financial. Click below to get real-time personalized quotes.

massmutual annuitiesFrom there, you’ll get access to our annuity guides, and a team of specialists to help you analyze your retirement finances and walk you through the application process.

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Lauren Minches

Lauren Minches

Financial Planning Professional

Lauren is an actuary by training with expertise in retirement, finance, and risk. She writes about annuities to make them easier to understand and evaluate. Her goal is to help people create retirements with more time for living and less time thinking about money.