Principal Life

  • 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 – 249p

  • Principal® offers 4 major types of permanent life insurance.
  • Universal Life Insurance
    • Offers flexible death benefits and flexible premiums

Principal –  https://www.principal.com/individuals/insure/life-insurance/permanent-life-insurance

  • 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 – 249p