Web Content Viewer

No change to our registered index-linked annuity GLWB rates

10/29/2024

Below is a link to the most recent rate sheet supplement to the Principal® Strategic Income prospectus. The guaranteed lifetime withdrawal benefit (GLWB) percentages published in this supplement will be in effect November 1, 2024 to November 30, 2024. 

GLWB rate sheet supplement 11/01/2024

While there are no changes from the previous month, this supplement supersedes any previous version. It must accompany the current effective prospectus for any new applications signed during this time period.

Please print and include the most current supplement in your sales kits to ensure you have the applicable GLWB percentages. Refer to the prospectus for additional information on determining which GLWB percentages will apply to your client’s contract.

Contact us at annuitysalesdesk@principal.com
or call 866-309-1623 with any questions.

 

 

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

Principal® Strategic Income may not be available with all broker dealers, or available in all states.

Principal® Strategic Income does not directly participate in any stock, equity investments, or index. It is not possible to invest directly in an index.

IMPORTANT CONSIDERATIONS

Index-linked deferred annuity contracts are complex insurance and investment vehicles. This Contract is a security and there is a risk of substantial loss of principal and earnings. The risk of loss may be greater when early withdrawals are taken due to any charges and adjustments applied to such withdrawals. These charges and adjustments may result in loss even when the value of a segment option has increased. Clients should consult with a financial professional about the appropriateness of this product based on their financial situation and objectives.

There is risk that this segment interim value could be less than the original premium payment even if the applicable Index has been performing positively. The buffer or floor rate provides limited protection. There is a possibility of a significant amount of loss of the total premium payment, credited interest and prior earnings. In the index linked segment options it is possible that the total loss could be 100%. If clients choose to allocate amounts to an index linked segment option subject to a cap rate, that rate limits the positive index change, if any, that may be credited to the annuity for a given segment term. The participation rate limits the positive index change, if any, that may be credited to the annuity for a given segment term. It is possible to receive less than the full protection of the buffer rate or floor rate. Once a segment lock-In is executed, it is irrevocable for that segment term. A lock-in will not be applied retroactively and can only be exercised for the entire segment option. A segment lock-In may only be exercised once per segment term for each index-linked segment option. There is no guarantee that any particular segment option or Index will be available during the entire period.

Withdrawals will reduce the contract value and death benefit. Some withdrawals may be subject to additional charges and adjustments. Withdrawals before age 591/2 may be subject to a 10% early withdrawal federal tax penalty in addition to ordinary income taxes.

 All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. Policy guarantees and benefits are not obligations of, nor backed by, the broker/dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them make any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

Annuity products and services are offered through Principal Life Insurance Company®. Securities offered through Principal Securities, Inc., member SIPC, and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, Iowa 50392, principal.com.

3702037-072024

Back to News Home