Investment option changes for variable annuity and life products
Annuities:::
04/15/2024
Several investment option changes will go into effect on April 26. The changes affect variable annuity and variable life insurance products and include investment option additions and mergers. The LVIP American Century investment options outlined below will be added to accommodate the mergers.
This listing of products will help you identify those affected by the applicable changes:
Annuities |
FVA = Flexible Variable Annuity
IPVA = Investment Plus Variable Annuity
FRDM = Freedom Variable Annuity
Pivot = Pivot Series Variable Annuity |
Life insurance |
BVUL = Benefit Variable Universal Life
EVUL = Executive Variable Universal Life
FVLI = Flex Variable Life
PrinFlex = PrinFlex
SVUL = Survivorship Variable Universal Life
VUL Accum = Variable Universal Life Accumulator
VUL Income = Variable Universal Life Income |
Fund changes effective April 26
Products affected |
Liquidations |
Annuity |
Life |
DWS Equity 500 Index VIP Class B2 (closed to new investors with an application signature date 06/08/19 and later) liquidating
to
Fidelity VIP Government Money Market Portfolio
|
PIVOT |
N/A
|
Mergers |
American Century VP Inflation Protection Fund - Class II
to
LVIP American Century Inflation Protection Fund – Service Class
|
PIVOT
IPVA
FVA |
BVUL, BVUL II
EVUL, EVUL II, EVUL III
FVLI
SVUL
PrinFlex
VUL Income, VUL Income II, VUL Income III, VUL Income IV
VUL Accum, VUL Accum II |
American Century VP Disciplined Core Value Fund – Class I
to
LVIP American Century Disciplined Core Value Fund – Standard Class II
|
FVA
FRDM
FRDM2 |
FVLI
SVUL
PrinFlex
VUL Accum |
American Century VP Disciplined Core Value Fund – Class II
to
LVIP American Century Disciplined Core Value Fund – Service Class
|
N/A |
EVUL, EVUL II, EVUL III
BVUL, BVUL II
VUL Accum II
VUL Income, VUL Income II, VUL Income III, VUL Income IV |
American Century VP Value Fund – Class II
to
LVIP American Century Value Fund – Service Class
|
PIVOT
FVA |
BVUL, BVUL II
EVUL, EVUL II, EVUL III
FVLI
SVUL
PrinFlex
VUL Income, VUL Income II, VUL Income III, VUL Income IV
VUL Accum, VUL Accum II |
American Century VP Mid Cap Value Fund – Class II
to
LVIP American Century Mid Cap Value Fund – Service Class
|
IPVA
FVA |
BVUL, BVUL II
EVUL, EVUL II, EVUL III
FVLI
SVUL
PrinFlex
VUL Income, VUL Income II, VUL Income III, VUL Income IV
VUL Accum, VUL Accum II |
American Century VP Ultra Fund – Class I
to
LVIP American Century Ultra Fund – Standard Class II
|
FVA |
FVLI
SVUL
PrinFlex
VUL Accum |
American Century VP Ultra Fund – Class II
to
LVIP American Century Ultra Fund – Service Class
|
IPVA |
BVUL
EVUL
VUL Income
VUL Accum II |
American Century VP Capital Appreciation Fund – Class I
to
LVIP American Century Capital Appreciation Fund – Standard Class II
|
IPVA |
N/A |
American Century VP Capital Appreciation Fund – Class II
to
LVIP American Century Capital Appreciation Fund – Service Class
|
N/A |
BVUL, BVULII
EVUL, EVUL II, EVUL III
VUL Income II, VUL Income III, VUL Income IV |
American Century VP International Fund – Class II
to
LVIP American Century International Fund – Service Class
|
N/A |
BVUL, BVULII
EVUL, EVUL II, EVUL III |
Applications and illustrations
- Variable Life supplemental applications will be updated and available 04/26.
- Life illustrations for all affected products will be updated and available 04/26.
- Variable annuity applications will be updated and available 04/27.
- Annuity illustrations for all affected products will be updated and available 05/01.
Questions?
Give us a call and one of the teams below can help.
- Annuities: Principal® Annuities and Income Solutions: 866-309-1623
- Life: National Sales Desk: 800-654-4278
For financial professional use only. Not for distribution to the public.
Not FDIC or NCUA insured • May lose value • Not a deposit • No bank or credit union
guarantee • Not insured by any federal government agency
Insurance products issued by Principal National Life Insurance Company (except in NY) and Principal Life Insurance Company®. Annuities are issued by Principal Life Insurance Company. Securities offered through Principal Securities, Inc., Member SIPC, and/or independent broker/dealers. Plan administrative services offered by Principal Life. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.
Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries
around the world.
3440287-032024
Back to News Home