Founded in 1879, Principal Financial no longer offers life insurance products to individuals. The company continues to sell coverage to businesses.
Principal Financial life insurance
Principal provides group life insurance plans through employers, along with other types of coverage including critical illness, dental, disability and vision insurance.
More about Principal Financial
Principal Financial Group also offers individual disability insurance as well as annuities, mutual funds and retirement plans.
Life insurance buying guide
When comparing rates, be sure the quotes are for the same amount of coverage over the same period of time. It’s also important to make sure the policy’s medical requirements match your needs. For example, if you want to skip the life insurance medical exam but don’t mind answering health questions, confirm that the application process for each policy you’re comparing aligns with that.
Price may not be the biggest driver behind your decision to buy. Look at the number of consumer complaints each company receives, as high numbers can be a red flag about the quality of service.
This post was originally published on Nerd Wallet
