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Financial Professionals Financial professional news Principal Term reprice
May 01, 2026

Principal Term reprice

Effective May 1, 2026, new rates apply to new-issue policies for Principal® Term (10-, 15-, 20-, and 30-Year) in approved states. New rates are approved in all states except South Dakota. 

Things to know about the May 1 reprice:

  • A new band of rates is available at $3 million and above to improve competitiveness at higher face amounts.
  • This reprice includes updates to Base Nonconvertible, Base Convertible, and Conversion Extension Rider rates.
  • The new version displays in the illustration system as Term 2023 (05/2026) for both New York (issued by PLIC) and non-New York (issued by PNL) products.

View key dates and transition guidelines

Learn more | Review the Term product and sales guide or contact our National Sales Desk at 800-654-4278.

For financial professional/institutional use only. Not for distribution to the public.

Guarantees are based on the claims-paying ability of Principal Life Insurance Company®.

Insurance products issued by Principal National Life Insurance Company (except in NY), Principal Life Insurance Company®, and the companies available through the Preferred Product Network, Inc. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.