Web Content Viewer

Cheers – we reached $500 million of in-force IDI premium together

06/10/2019

There’s much to celebrate in our individual disability insurance (IDI) business. Together, we recently achieved $500 million of in-force premium1 – at a rate faster than others in the industry!

Thank you – we couldn’t have done it without you. This major milestone symbolizes our commitment to help clients live their best lives – even if the unexpected happens. You and they can count on us for the long term.

Among the top 5

We’re among the top 5 companies surveyed in terms of total IDI premium2, 3. In fact, our premium grew an average of 8% over 5 years – well above the average of 1.7% over this period2.

Since Principal® entered the IDI business more than 65 years ago, nearly 200,0001 clients now have income protection. We’re the only company that offers the entire continuum of solutions for protecting individuals and business owners, as well as their retirement savings. And IDI plays an important role in our overall strategy.

Build on our IDI success

Hard work and collaboration got us to this major milestone, and the same effort – coupled with planned innovation and new IDI products – will help us build upon this success together. It’s certainly an exciting time for individual disability insurance at Principal. Thank you and well done!

1 Principal Life Insurance Company, April 2019, internal company data.

2 LIMRA 2017 Annual Sales and In-Force Survey. 

3 Principal is 5th out of 19 companies surveyed, based on self-reported in-force individual disability insurance premium, according to LIMRA’s 2017 Annual Sales and In-Force Survey. This applies to Principal Life Insurance Company.

 

Disability insurance from Principal® is issued by Principal Life Insurance Company, Des Moines, Iowa 50392, www.principal.com.
For financial professional use only. Not for use with consumers or the public.

DI10069 | 5/2019

Back to News Home