Annuity Products — Overview
Following is an outline of the fixed annuity products we offer. We invite you to click on the links below for full descriptions.
| We offer two types of annuity products: | |
Immediate AnnuityIn exchange for your premium, the insurance company makes guaranteed payments to you for life, or for some other time period that you may choose. This is called an immediate annuity because payments can begin very soon after your premium payment. |
Deferred AnnuityIn a fixed deferred annuity, the insurance company credits interest to the premium you pay. |
The ELM® Income Annuity is the fixed immediate annuity offered on this site. It provides you with important options like Inflation Protection so payments keep pace with Consumer Price Index–Urban (cpi-u) and Death Benefits to protect your beneficiaries. It is issued by the Principal Life Insurance Company. For current rates, click here. |
The Principal Secure Fixed Annuity is the fixed deferred annuity offered on this site. It is issued by the Principal Life Insurance Company. It allows you to choose from a four-year or six-year guaranteed interest rate period. For current rates, click here. |
Next Steps
Click on the product name above and review the product description. Then, call the customer service center for more information. The center can also send to you a written quote and the application needed to purchase the product.
Your call is free and your questions are welcome. Please use the toll free number listed on the left panel.
Principal Life Insurance Company,
Des Moines, Iowa 50392-0002
ELM Income Annuity and Principal Secure Fixed Annuity are issued by Principal Life Insurance Company, a member of the Principal Financial Group®, Des Moines, IA 50392. ELM Income Group is not affiliated with any member of the Principal Financial Group.