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Financial Professionals Financial professional news Rate changes for Principal ® Strategic Income – Guaranteed Lifetime Withdrawal Benefit (GLWB) rider
February 25, 2026

Rate changes for Principal® Strategic Income – Guaranteed Lifetime Withdrawal Benefit (GLWB) rider

Effective March 1, 2026, initial Secure Income and Secure Income Deferral Credit percentages for Principal® Strategic Income will increase. These rates apply to all new contracts with an application signature date of March 1, 2026 and after.

Level Income Option
(All age bands, single and joint life)
Initial Secure Income percentages will increase by .10%. Initial Secure Income Deferral Credit percentages will increase by .05%.
Tiered Income Option
(All age bands, single and joint life)
Initial Secure Income percentages will increase by .10%. Initial Secure Income Deferral Credit percentages will increase by .05%.
  • GLWB percentages published in this supplement (PDF) are effective March 1, 2026 and supersede any previous version. The supplement must accompany the current prospectus for any new applications.
  • Segment rates for Principal Strategic Income are not changing. View rates here: principal.com/strategicincome.

Have pending new business that was signed prior to March 1, 2026?

Your clients may be able to receive the higher benefits. For registered index linked annuity (RILA) benefit lock-in procedures – see page 25 of the RILA new business process guide (RF2600).

Questions?

Contact our annuity sales team:  866-309-1623.

For financial professional/institutional use only.

Before investing in registered index-linked annuities, investors should carefully consider the investment objectives, risks, charges and expenses of the contract and underlying investment options. This and other information is contained in the free prospectus which can be obtained from your local representative or online at principal.com. Please read the prospectus and, if available, the summary prospectus carefully before investing.

May not be available with all broker dealers or available in all states.

Principal® Strategic Income does not directly participate in any stock, equity investments, or index. It is not possible to invest directly in an index.

Investing involves risk, including the possible loss of principal.

IMPORTANT CONSIDERATIONS

Index-linked deferred annuity contracts are complex insurance and investment vehicles. This Contract is a security and there is a risk of substantial loss of principal and earnings. The risk of loss may be greater when early withdrawals are taken due to any charges and adjustments applied to such withdrawals. These charges and adjustments may result in loss even when the value of a segment option has increased. Clients should consult with a financial professional about the appropriateness of this product based on their financial situation and objectives. There is risk that this segment interim value could be less than the original premium payment even if the applicable Index has been performing positively. The buffer or floor rate provides limited protection. There is a possibility of a significant amount of loss of the total premium payment, credited interest, and prior earnings. In the index linked segment options it is possible that the total loss could be 100%. If clients choose to allocate amounts to an index linked segment option subject to a cap rate, that rate limits the positive index change, if any, that may be credited to the annuity for a given segment term. The participation rate limits the positive index change, if any, that may be credited to the annuity for a given segment term. It is possible to receive less than the full protection of the buffer rate or floor rate. Once a segment lock-In is executed, it is irrevocable for that segment term. A lock-in will not be applied retroactively and can only be exercised for the entire segment option. A segment lock-In may only be exercised once per segment term for each index-linked segment option. There is no guarantee that any particular segment option or Index will be available during the entire period.

Withdrawals will reduce the contract value and death benefit. Some withdrawals may be subject to additional charges and adjustments. Withdrawals before age 59½ may be subject to a 10% early withdrawal federal tax penalty in addition to ordinary income taxes.

Contract rider descriptions are not intended to cover all restrictions, conditions, or limitations. Refer to rider for full details.

All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. Policy guarantees and benefits are not obligations of, nor backed by, the broker/dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them make any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

Annuity products and services are offered through Principal Life Insurance Company®. Securities offered through Principal Securities, Inc., member SIPC, and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, Iowa 50392, principal.com.

Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world.

Riders/endorsements: SF 1027, SF 1028, SF 1029, SF 1031, SF 1032, SF 1053, SF 1054, SF 1055.

RF2703 © 2026 Principal Financial Services, Inc. | 5241033-022026