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Liquidation of BlackRock subaccount affects variable annuities

Effective August 31, 2018, the BlackRock iShares Alternative Strategies V.I. Fund will be liquidated and transferred into the Fidelity VIP Government Money Market Fund.  No new monies will be accepted into this subaccount after August 17th. This liquidation affects the following variable annuity products:

  • Principal Pivot Series Variable Annuity
  • Principal Investment Plus Variable Annuity (IPVA)
  • Principal Variable Annuity (FVA)

This supplement will be going out to those clients affected by this liquidation.

For more information:  Principal Annuities and Income Solutions 866-309-1623

For financial professional use only. Not for distribution to the public.


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