Ratings:

A.M. Best A+
Fitch AA-
S&P A+
Moody's A1
Comdex 90

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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Principal Strategic Outcomes Annuity with Rate Enhancement

The Principal Life Insurance Company, founded in 1879, has become a key figure in the life insurance and retirement solutions market by offering various kinds of life insurance, annuity, and retirement planning products. With a focus on catering to the unique needs of a diverse customer base–be it retirees, families, business owners, or employees–their aim is to continue to innovate products and their respective features to align with the ever-evolving needs of their clientele. By ensuring up-to-date services and products, Principal continues to receive high financial strength ratings from major rating agencies.

Principal Strategic Outcomes Annuity with Rate Enhancement

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Ratings:

A.M. Best A+
Fitch AA-
S&P A+
Moody's A1
Comdex 90

About Product

Type

Registered Index-Linked

Purpose

Accumulation

Term

6 Years

Surrender schedule

8%8%7%6%5%4%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, Stretch IRA, Inherited IRA, NQ Stretch, and TSP

Launch Date

05/01/2023

Principal Strategic Outcomes is a registered indexed-linked annuity (RILA). It's designed to provide a limited level of protection from market downturns as well as provide upside growth potential when markets perform well. With choices of protection level—either a buffer or a floor—segment length, and tracking index, this product offers you the flexibility to tailor an annuity to fit your overall financial plan.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3% Fixed
1-Year S&P 500 PTP Participation Rate with Enhanced Cap with 10% Buffer	Point to Point Annual	100% Participation 15% Cap
6-Year MSCI EAFE PTP Enhanced Participation Rate with 10% Buffer	Point to Point 6-Year	155% Participation
6-Year SG Smart Climate PTP Enhanced Participation Rate with 10% Buffer	Point to Point 6-Year	160% Participation
6-Year Russell 2000 PTP Enhanced Participation Rate with 10% Buffer	Point to Point 6-Year	140% Participation
6-Year S&P 500 PTP Enhanced Participation Rate with 10% Buffer	Point to Point 6-Year	130% Participation
2-Year S&P 500 PTP Enhanced Participation Rate with 10% Buffer	Point to Point Biennial	100% Participation
1-Year MSCI EAFE PTP Enhanced Participation Rate with 10% Buffer	Point to Point Annual	90% Participation
1-Year Russell 2000 PTP Enhanced Participation Rate with 10% Buffer	Point to Point Annual	80% Participation
1-Year S&P 500 PTP Enhanced Participation Rate with -10% Floor	Point to Point Annual	70% Participation
1-Year S&P 500 PTP Enhanced Participation Rate	Point to Point Annual	45% Participation
1-Year S&P 500 Peak Buffer Participation Rate with Enhanced Cap with 20% Buffer (Limited States)	Dual Directional Annual	100% Participation 8.5% Cap
6-Year S&P 500 Peak Buffer Enhanced Participation Rate with 20% Buffer (Limited States)	Dual Directional 6-Year	120% Participation
1-Year S&P 500 PTP Participation Rate with Enhanced Cap with 20% Buffer	Point to Point Annual	100% Participation 11.5% Cap
6-Year S&P 500 PTP Enhanced Participation Rate with 20% Buffer	Point to Point 6-Year	125% 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 with Rate Enhancement 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

Premiums

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.

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Principal Strategic Outcomes Annuity with Rate Enhancement

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