Individual insurance customers can contact Principal Financial Group in the following ways: Principal Financial Group Customer Service Principal Financial Group representatives can help you learn about ways to save. Principal does not make information about its specific discounts or reward programs readily available. What Discounts Does Principal Financial Group Offer? Along with its strong financial position, Principal is committed to community leadership and involvement. Principal has $701 billion in assets under management, and over 32 million customers worldwide. The A.M Best rating points to the insurance company’s ability to pay claims, debts, and other financial obligations in a timely manner. Customers can expect that Principal has the necessary cash reserves to pay out claims, an essential factor in evaluating any insurance company before purchasing a policy. AM Best is a credit rating firm that assesses the creditworthiness of and/or reports on over 16,000 insurance companies worldwide. Principal Financial Group has earned top-tier ratings from the four major agencies, including an A+ “excellent” rating from A.M. Today, Principal is a Fortune 500 company with offices across the globe. It began offering insurance products before branching out to sell a range of investment and retirement planning products. Principal Financial Group was founded in 1879. What to Know About Principal Financial Group The company directory can also help you get connected to an agent near you. Using our insurance company directory can help you find the best insurance companies that specialize in your specific coverage needs. This list of insurance products available from Principal Financial Group is not exhaustive. Group benefits plans: Group disability, Group life, Group dental, Group vision, Group accident and critical illness Principal Financial Group offers a variety of insurance policies, retirement plans, and employee benefits to individuals and employers, including the following: For individuals:Įstate planning and irrevocable life insurance trusts What Type of Insurance Does Principal Financial Group Offer? Principal does not work with independent insurance agents. Certain customer service activities (cancelling the policy, changing the beneficiary) require phone calls and traditional mail. Does not offer as many term options and riders as other life insurance carriers. Principal Financial Group Cons: Not a BBB accredited business. Offers a variety of common life insurance riders. ![]() Offers a lot of information online, extended customer service hours, and online payments. Seen as having competitive rates and favorable underwriting for people with common medical conditions. Best, BBB, and numerous other financial ratings bureaus. Principal Financial Group Pros: Principal Financial Group is a well-established and financially strong company with high ratings from A.M.
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