No change to registered index-linked annuity rates
11/27/2024
Below are links to the most recent Principal® Strategic Outcomes and Principal® Strategic Income standard and enhanced rates.1 These rates will be in effect December 1, 2024 to December 14, 2024.
Principal Strategic Outcomes rates as of December 1, 2024.
Principal Strategic Income rates as of December 1, 2024.
Principal Strategic Income also includes an income rider that creates guaranteed lifetime income for your client’s retirement. The payout percentages in the supplement linked below are in effect Dec. 1, 2024 to Dec. 31, 2024.
Guaranteed Lifetime Withdrawal Benefit (GLWB) rate sheet supplement Dec. 1.
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 Principal Strategic Income 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.
Segment rates are updated on the 1st and 15th of each month. GLWB rates are updated on the 1st of every month. All current rates can be found in the links above.
Contact us at annuitysalesdesk@principal.com or call 866-309-1623.
1 Rate enhancement rider is only available on Principal® Strategic Outcomes
May not be available in all states or with all broker dealers.
See linked communications for additional important information.
Principal® Strategic Outcomes and Principal® Strategic Income do not directly participate in any stock, equity investments, or index. It is not possible to invest directly in an index.
Investing involves risk, including possible loss of principal.
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 59½ may be subject a 10% early withdrawal federal tax penalty in addition to ordinary income taxes.
Guarantees are based on the claims-paying ability of the issuing insurance company.
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 makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.
Contract rider descriptions are not intended to cover all restrictions, conditions, or limitations. Refer to rider for full details.
Annuities issued by 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® Strategic Income: SF 1027, SF 1028, SF 1029, SF 1031, SF 1032, SF 1053, SF 1054, SF 1055, ICC13 SF 932 / SF 932
Principal® Strategic Outcomes: Contract: SF 1027 Riders/Endorsements: SF 1028, SF 1029, SF 1030, SF 1031, SF 1032, and SF1053
4057196-112024
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