Principal closes on acquisition of Beam Benefits

Principal® has officially closed on its acquisition of Beam Benefits, an employee benefits company serving more than 25,000 small businesses. We’re thrilled to join forces with Beam and bring the best of both companies together to serve your clients and win more of your business.

Our priority for the remainder of 2026 is to provide continuity for you and your customers through the busy renewal season. Your day-to-day experience will remain business as usual, and you should continue working with the same contacts and teams at Principal and Beam for quoting, servicing, and day-to-day support.

What’s next in 2027

Throughout 2027, brokers and customers will see the complementary strengths of Beam and Principal increasingly come together through a stronger end-to-end experience from quote through renewal, greater breadth and flexibility in benefits solutions, and deeper expertise and partnership. We will keep you informed every step of the way. Any future changes related to product, processes, or servicing will be communicated well in advance, with transparency and support throughout. At this time, you should expect business to continue as usual.

Questions?

Contact your sales representative or view our FAQ to learn more. Today’s press release can be found here.