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Principal Financial Group

Principal Financial Group is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.

The Principal Financial Group began in 1879; since then, it has become a global leader in the financial services industry, offering insurance options including medical, dental, vision, health and Principal Financial term life insurance. Further, Principal Financial offers a vast array of financial products including investment savings (CDs, mutual funds and annuities), education savings programs (like 529 and Coverdell Education Savings Programs), retirement solutions (Individual Retirement Accounts and 401Ks) and even online banking options which are insured by the FDIC.

The company's corporate responsibility includes the community and the environment. The Principal Financial Group Foundation was founded in 1987 to provide support to non-profit groups in the areas of health and human services, education, community development, the environment and arts and culture. Working in conjunction with The Principal, the PFG Foundation granted over $11 Million in charitable donations in 2008. Of that total, about 41% came directly from employees and retirees participating in the matching gift program. United Way received over $3.3 Million; the remaining funding benefited over 750 community organizations globally.

Further, the company finds innovative ways to get their employees involved in volunteerism, starting with The Principal Volunteer Network. The company gives employees eight (8) hours of volunteer time off (VTO) to be used in the non-profit of their choice (including schools and churches). In addition, they grant employees four (4) hours per year to "pay-it-forward" by helping a neighbor, friend or co-worker and they donate time and money to build one Habitat for Humanity home per year. Their commitment to environmental issues include participation in the EPA Energy Star program to reduce gas emissions from their office functions and developing the Principal Riverwalk, a community improvement project along the banks of the Des Moines River.

The Principal Term Life Insurance offers short and long-term life insurance. The products they offer include 10, 15, 20 and 30-year term policies guaranteed for the term of the policy and whose premiums increase the year after the term expires. They also offer annually renewal Principal Financial term life insurance which is guaranteed for five years but premiums increase annually. During the term period, upon death of the insured, death benefits are paid to the family of the deceased to help maintain quality or life or to help keep businesses operational. Principal Financial term life insurance death benefit is generally free from income taxes, is often renewable after the term expires without evidence of eligibility and can be converted to a permanent, cash value life insurance policy.

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