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Principal Select Series Annuity

Help your clients save for retirement, balance their portfolio or generate a future stream of income without worries about market volatility with Principal Select Series Annuity. Principal Select Series is a single premium deferred annuity with a market value adjustment (MVA) and a 3-, 4-, 5-, 6-, 7- or 9-year guarantee period. It can be a good option for risk-averse clients with a lump sum of money to invest. It’s a lower-risk option that offers competitive rates for clients who don’t want to worry about the ups and downs of the stock market.

The interest rate is locked in for 3, 4, 5, 6, 7 or 9 years. At the end of the guarantee period, the interest rate will be determined annually, and surrender charges and MVA charges will end. If clients choose not to keep it, they can take the value of their account without paying any surrender or MVA charges. 


* All guaranteed periods may not be available at all times, in all states, or in all distribution channels.


Important Information

Tax-qualified retirement arrangements, such as IRAs, SEPs, and SIMPLE-IRAs are tax-deferred. Consequently, an annuity should be used to fund an IRA, or other tax qualified retirement arrangement, to benefit from the annuity’s features other than tax deferral. These features may include guaranteed lifetime income, guaranteed minimum interest rates, and death benefits without surrender changes.

Contract rider descriptions are not intended to cover all restrictions, conditions or limitations.  Refer to rider for full details.

Guarantees are based on the claims-paying ability of Principal Life Insurance Company.

Not FDIC or NCUA insured. May lose value. Not a deposit. No bank or credit union guarantee. Not insured by any federal government agency.


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