Principal Strategic Outcomes Annuity
The Principal Strategic Outcomes Annuity is an excellent choice for retirees. Offering guaranteed growth and income options, it acts as a reliable financial cushion for your golden years.
With this annuity, you can relax, knowing your money is working hard for safe returns. It's a trusted product, with your retirement comfort as its primary focus.
Principal Strategic Outcomes Annuity
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with -10% Floor |
Point to Point
Annual
|
60%
Participation
|
| 1-Year Russell 2000 PTP Participation Rate with 10% Buffer |
Point to Point
Annual
|
70%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with Cap with 10% Buffer |
Point to Point
Annual
|
100%
Participation
13%
Cap
|
| 1-Year MSCI EAFE PTP Participation Rate with 10% Buffer |
Point to Point
Annual
|
80%
Participation
|
| 2-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
Biennial
|
85%
Participation
|
| 6-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
105%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
115%
Participation
|
| 6-Year SG Smart Climate PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
135%
Participation
|
| 6-Year MSCI EAFE PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
130%
Participation
|
| 1-Year S&P 500 Peak Buffer Participation Rate with Cap with 20% Buffer (Limited States) |
Dual Directional
Annual
|
100%
Participation
7%
Cap
|
| 6-Year S&P 500 Peak Buffer Participation Rate with 20% Buffer (Limited States) |
Dual Directional
6-Year
|
95%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with Cap with 20% Buffer |
Point to Point
Annual
|
100%
Participation
9.5%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with 20% Buffer |
Point to Point
6-Year
|
100%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for Principal Strategic Outcomes Annuity annuity.
Waivers
Nursing Home
Automatically issued with the contract for no additional cost. Waives surrender charges due to Health Care Facility. A licensed hospital or inpatient nursing facility providing daily medical treatment and keeping daily medical records for each patient (not primarily providing just residency or retirement care). This does not include a facility owned or operated by the Owner, Annuitant or a member of their immediate family. If the critical need is confinement to a health care facility, the confinement must continue for at least 60 consecutive days after the Contract Date and the Surrender must occur within 90 days of the confinement’s end. Notice must be provided within 90 days after confinement ends.
Terminal Illness
Automatically issued with the contract for no additional cost. Waives surrender charges due to Terminal Illness. Sickness or injury that results in the Owner’s or Annuitant’s life expectancy being 12 months or less from the date notice to receive a distribution from the Contract is received by the Company.
Disability
Automatically issued with the contract for no additional cost. Waives surrender charges due to Total and Permanent Disability. The Owner or Annuitant is unable to engage in any occupation for pay or profit due to sickness or injury.
Premium Notes
- Single premium
- Minimum: $20,000
- Maximum: $2 million without home office approval
- Nonqualified, qualified
Withdrawal Provisions
Withdrawals free of surrender charges Available each contract year and is the greater of 10% of premium payments minus any withdrawals since the last anniversary Required minimum distribution (RMD) for qualified contracts. A bond adjustment will be added to any withdrawal. The bond adjustment could be positive, negative, or equal to zero. This will apply regardless of when the surrender occurs, including on the segment end date.
- A.M. Best A+
- Fitch AA-
- S&P A+
- Moody's A1
- Comdex 91
