Principal Variable Universal Life Income Plus

How It Works

Individuals purchase life insurance for the death benefit protection it provides - a tax-free benefit to their beneficiaries to settle an estate. As a business owner, though, you have some unique additional insurance needs. Principal Variable Universal Life Income Plus^SM (VUL Income Plus) is Principal Life's Variable Universal Life Income (VUL Income) life insurance policy with the Surrender Charge Adjustment Rider¹

This rider waves a portion of the surrender charges for a limited time, which may help business owners offset a large hit to earnings associated with business owned life insurance.

Highlights

In addition to death benefit protection, VUL Income Plus, with its high early cash value potential, can:

• Help you avoid a large hit to earnings commonly associated with business-owned life insurance.
• Help provide executive benefits to selected key employees - Principal Life offers complete business solutions, including Principal Executive Bonus Plus^SM, Endorsement Split Dollar, Principal S Owner Plus^SM, and Principal Split Dollar Plus^SM.
• Be a valuable tool for business succession/planning.
• Provide access to cash values to supplement retirement planning in later years.

With variable universal life insurance, you have the risk of loss, but you also have the opportunity for growth beyond that normally available in a traditional life insurance product. Investment return and principal value of a variable sub-account will fluctuate, and units - when redeemed - may be worth more or less than their original cost. Variable life insurance is not for everyone and is subject to market risk, including the potential loss of principal invested.

Before investing in variable life insurance, investors should carefully consider the investment objectives, risks, charges and expenses of the policy. This and other information is contained in the free prospectus, which can be obtained from your local representative. Please read the prospectus carefully before investing.

View the prospectus for Principal Variable Universal Life Income Plus^SM (PDF: 4MB)

 Contact your financial representative today! Don't have one? Locate one through our Office Locations section.

¹ Please see the Surrender Charge Adjustment Rider description in the policy for full details.

Policy Form #SF755; Rider Form #SF800

Insurance issued by Principal Life Insurance Company. Securities offered through Princor Financial Services Corporation, 800/247-4123, member SIPC. Principal Life and Princor® are members of the Principal Financial Group®, Des Moines, IA 50392.
Approval #1380022008