Principal Life

  • Formerly Bankers

Universal and variable universal life insurance products offer the policyholder the option of adjusting both the premium and the death benefit amounts of the insurance contract.

2012 - 10k (SEC) - Principal Financial Group - [LINK]

<Bonk:

  • The word "permanent" does not appear in the 10k
  • "Whole Life" is under "Traditional policies."  -- Universal is not.

Universal Life

  • We offer a variety of individual life insurance products, both interest sensitive (including universal life, variable universal life and indexed universal life insurance) and traditional.

2018 - Annual Report - Principal Financial Group - [PDF-249p]

Principal® offers 4 major types of permanent life insurance.

  1. Universal Life Insurance
    • Offers flexible death benefits and flexible premiums

Principal - [LINK]

Adjustable life insurance products provide a guaranteed benefit in return for the payment of a fixed premium and allow the policyholder to set the coverage period, premium and face amount combination. 

  • Categorized as Traditional

2012 - 10k (SEC) - Principal Financial Group - [LINK]

Adjustable life insurance products provide a guaranteed benefit in return for the payment of a fixed premium and allow the policyholder to set the coverage period, premium and face amount combination. (p12)

  • Categorized as Traditional

2018 - Annual Report - Principal Financial Group - [PDF-249p]