Term life insurance

Get affordable coverage for a specific period of time.

Term life insurance is a budget-friendly option for covering costs that diminish over time, like consumer debt, mortgage balances, and education expenses. And because you can convert a term policy to a permanent policy later, it’s a great way to get started.

Term policies are a good fit for:

  • Young policyholders who can take advantage of lower age-based rates
  • Growing families with limited finances
  • First-time life insurance purchasers who want a short-term solution until they can afford a more permanent one
  • Permanent policy holders who want to supplement their coverage

Life insurance on your terms

Term policies from Principal® offer low rates, lots of flexibility, and tax-free death benefits for your beneficiary, in 10-, 15-, 20- and 30-year term lengths, as well as a one-year term for short-term needs. 

And when you’re ready, you can convert your term policy to a permanent, cash-value policy with the same death benefit—without providing further evidence of insurability.

Make policy payments online

Pay premiums and view information for your life insurance policy online. It’s quick, convenient, and secure. 

Does life insurance seem complicated?

It doesn't have to be, our Life Insurance 101 guide can help you better understand the basics of life insurance.

We're here to help

Visit our insurance help section, or call us at 800-986-3343.

Help on protecting those who depend on you

Photo of children how are protected by a life insurance policy.

Life Insurance FAQ

Have questions about life insurance? Get the answers you need.

Debunking 3 common myths about disability and life insurance

This dad knows life insurance is an essential investment for protecting his assets—and his loved ones.

Who needs life insurance?

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 backed by the broker/dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Plan administrative services offered by Principal Life. Principal National and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392.