Principal National Life Insurance Company Review [2023]
The Principal National Life Insurance Company was founded in 1879. The company has a high rating from multiple agencies. Read our Principal National Life Insurance Company review to learn more.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Feb 28, 2023
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Advisors and clients turn to Principal National Life Insurance Company for the right solutions and support to reach their financial goals. But that’s not why it’s here. What Principal National Life Insurance Company does is help people create the kinds of lives they dream about, empowered by a financial plan to create security and stability.
If Principal National Life Insurance Company can help you find term life insurance quotes or the perfect life insurance policy for you, it thinks of it as a job well done.
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What is Principal National Life Insurance Company?
Principal National Life Insurance Company was founded in 1879 as an insurance provider. Today, it’s a member of the FORTUNE 500® and a global investment management leader.
- It was ranked #3 for best overall service to micro plans; value-added financial professional advisor services and plan participant support.
- It received the Adviser’s Choice Award for advisor support, post-sale.
- It’s received over 90 Best in Class designations over the past 10 years from PLANSPONSOR magazine’s Defined Contribution Services Survey.
- It’s been named one of the World’s Most Ethical Companies and one of America’s Best Employers.
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How can I contact Principal National Life Insurance Company?
The headquarters for Principal National Life Insurance Company is in Des Moines, IA.
Principal Life Insurance Company Phone Number
800-986-3343
Principal Life Website
One Sammons Plaza
Sioux Falls, SD 57193
877-872-0757
North American Website
Principal Life Insurance Company Rating
Here’s how Principal Life Insurance Company is rated for life insurance.
Year Founded: 1879
AM Best Rating: A+ (as of 2016)
S&P Rating: A+ (as of 2016)
Company Spotlight: Principal Life Insurance Company
Company Goods
Customer GuideAccelerated Underwriting
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What are the Principal National Life Insurance Company policies?
What are the included term life features?
- Accelerated Benefit: Included at no extra cost. Allows the Primary Insured to obtain up to 75% of their death benefit (up to $1,000,000) prior to death when diagnosed with a terminal illness.
- Conversion Option: Included at no extra cost. The policy is convertible to an approved permanent policy for the earlier of the level premium period or age 70. Conversion to guaranteed UL products is only available after the second policy anniversary.
What are the optional term life features?
- Children Term Rider: Available with extra premium. Allows eligible children to be added to a policy at issue with coverage available between $5,000 and $25,000.
- Waiver of Premium Rider: Available with extra premium. Waives the premium as long as the insured is totally disabled, subject to rider limitations.
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Looking for legal information regarding a life insurance policy?
A two-year contestable and suicide provision applies.
Principal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc, a member of the Principal Financial Group.
Principal National Life Insurance Company Policy Form: ICC13 SN 89/SN 89, Rider Forms: SN 2, SN 3, SN 4, SN 5, and SN 42.
What types of life insurance products does Principal National Life Insurance Company offer?
Term policies from Principal® offer low rates, lots of flexibility, and tax-free death benefits for your beneficiary, in 10-, 15-, 20- and 30-year term lengths.
The company notes on their websites page that the guarantees on the benefits of your policy are backed up by the claims-paying ability of the insurance agency that issued your policy.
Principal Accelerated Underwriting provides up to $1 million of coverage without the need for labs or exams.
Term 10: Term life insurance with level premiums during the initial 10-year period. Premiums increase annually in years 11 and later.
Term 15: Term life insurance with level premiums during the initial 15-year period. Premiums increase annually in years 16 and later.
Term 20: Term life insurance with level premiums during the initial 20-year period. Premiums increase annually in years 21 and later.
Term 30: Term life insurance with level premiums during the initial 30-year period. Premiums increase annually in years 31 and later.
