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For individuals
Retirement, Investments, & Insurance for Individuals Invest & Retire Annuities More on how a RILA works
More on how a Registered-Index Linked Annuity (RILA) works

RILAs offer defined outcome investment options that allow clients to personalize their investment strategies.

Segment options

Segments of one, two, and six years.

Level of protection

Buffers, peak buffer, or a fixed account.

Investment growth strategies

Multiple indices available.
Choosing an investment segment

Clients can choose one or more investment options called segments. Each segment is linked to a specific index for a defined length of time. Some protection against investment loss is available with either a buffer. A fixed segment option is also available.

Clients can mix segment options to help diversify their investment and to help manage their comfort with financial risk.

Graph showing correlation between longer investment lengths and higher participation rates.

For illustrative purposes only.

Investing in longer segments provide higher participation rates, and the opportunity for higher account gains. Shorter segments provide more investment flexibility by allowing clients to move assets around more frequently.

Segment performance lock-in

The segment lock-in feature comes automatically at no extra charge. It allows clients to lock in the performance of their segment, removing them from market movement until the next segment anniversary. A different performance lock-in can be chosen for each segment clients invest in.

The performance threshold can be set in advance, activating the lock-in feature if predetermined performance levels are met. Or performance can be locked in at any time. And this can all be done online at principal.com.
Understanding levels of investment protection

Each segment option offers a protection strategy to help protect clients from some investment loss.

Graph illustrates how the buffer and floor help protect an investor from the first 10% of losses, and how a floor absorbs losses

For illustrative purposes only.
Dual direction crediting – here’s how the peak buffer works
Chart illustrating peak buffer in examples from an up market scenario, as well as a down market scenario.

For illustrative purposes only.

Additional protection options are available

You can invest in a fixed segment, as well as an index-linked segment with a 100% buffer. Both of these provide you with an opportunity to allocate assets without risk of losing any account value due to market performance.

Amounts allocated to a fixed segment option earn interest at the applicable annual interest rate for the segment term. The annual interest rate declared at the beginning of the segment term is guaranteed until the segment end date.

If you allocate your accumulated value to the fixed segment option, the value of that segment at any time will be equal to the accumulated value allocated on the fixed segment start date, plus interest during the segment term and minus any amount deducted during the segment term.

Available indices and growth strategies

Growth within a RILA depends on the performance of a segment’s linked index. Point-to-point index crediting is used to calculate change from the segment start date to its end date.

Choose from four different indices:

  • S&P 500®
  • Russell 2000®
  • NASDAQ-100®
  • S&P MIDCAP 400®

Rates are subject to change at any time. For current segment information, please visit principal.com/strategicoutcomes and principal.com/strategicincome.

If the accumulated value is allocated when a segment reaches its end date, funds may be transferred to another segment. If a new segment is not elected, the segment will renew into the existing segment if it’s available. If that segment is no longer available, we will select a new segment, based on the terms outlined in the contract.

If the accumulated value is allocated to the fixed segment option, the value of that segment at any time will be equal to the accumulated value allocated on the fixed segment start date, plus interest during the segment term and minus any amount deducted during the segment term.

Caps and participation rates and how they affect returns

Graph showing how participation rates and investment caps can affect client returns.

For illustrative purposes only.

An extra performance boost in positive markets

You may purchase an optional rate enhancement rider that provides higher participation rates and caps, which will result in greater gains in positive performing markets. The rate enhancement rider is not available with Principal® Strategic Income.

Graph showing how the optional rate enhancement rider can provide higher returns for investors.

These figures are hypothetical and for illustrative purposes only. They do not guarantee any future returns nor represent the performance of any particular investment.

The flexibility of a RILA from Principal® means you can personalize an investment strategy that meets your needs.
Additional resources

Lessons from the past – See average historical returns of available indices, and how they could have affected hypothetical segment investments. 

The peak buffer effect – Learn more about how dual direction crediting can provide growth potential, even in down markets.

Footnotes

As long as you don’t withdraw funds before the end of your segment term.   Participation rates can be more or less than 100%.  

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

Principal® Strategic Outcomes and Principal® Strategic Income do 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.

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.

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 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. 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 59 1/2 may be subject a 10% early withdrawal federal tax penalty in addition to ordinary income taxes.

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 makes any representations or guarantees regarding the claimspaying ability of the issuing insurance company.

Contract rider descriptions are not intended to cover all restrictions, conditions, or limitations. Refer to rider for full details. Riders subject to state availability and may be subject to an additional charge.

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.

Annuities have limitations. They are long-term vehicles designed for retirement purposes. Annuities are not intended to fund short-term savings goals.

Principal®, Principal Financial Group®, Principal Asset ManagementSM, and Principal and the logomark design are registered trademarks and service marks of Principal Financial Services, Inc., a Principal Financial Group company, in various countries around the world and may only be used with the permission of Principal Financial Services, Inc.

© 2026 Principal Financial Services, Inc.

Investment and Insurance products are:

  • Not Insured by the FDIC or Any Federal Government Agency 
  • Not a Deposit or Other Obligation of, or Guaranteed by any Credit Union or Bank 
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Principal® Strategic Outcomes:
Contract: SF 1027
Riders/Endorsements: SF 1028, SF 1030, SF1031, SF 1032, SF 1054, SF 1071, and ICC13 SF 932/SF 932

Principal® Strategic Income:
Riders/Endorsements: SF 1028, SF 1031, SF 1032, SF 1053, SF 1054, SF 1055, ICC13 SF 932/SF 932

S&P 500® and S&P MidCap 400® Price Return Indices – The S&P 500® and S&P MidCap 400® Price Return Indices were established by Standard & Poor’s. The S&P 500® Price Return index includes 500 large cap stocks from leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. Equities. The S&P 500® Price Return Index does not include dividends declared by any of the companies included in this Index. The S&P MidCap 400® provides investors with a benchmark for mid-sized companies. The Index, which is distinct from the large-cap S&P 500®, is designed to measure the performance of 400 mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.

The S&P 500® and S&P MidCap 400® are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) has been licensed for use by Principal Life Insurance Company (“Principal Life”). S&P®, S&P 400, S&P MidCap 400®, S&P 500®, US 500, The 500®, iBoxx®, iTraxx®, and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Principal® Strategic Outcomes and Principal® Strategic Income are not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® and S&P MidCap 400® Price Return Indices.

Nasdaq-100® Price Return Index - Nasdaq, Nasdaq-100®, Nasdaq-100 Index®, and NDX® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Principal Financial Group Inc. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

The RUSSELL 2000® Price Return Index - Principal® Strategic Outcomes and Principal® Strategic Income have been developed solely by Principal Life Insurance Company®. Principal® Strategic Outcomes and Principal® Strategic Income are not in any way connected to or sponsored, endorsed, sold, or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). FTSE Russell is a trading name of certain of the LSE Group companies.All rights in the Russell 2000® (the "Index") vest in the use relevant LSE Group company which owns the Index. Russell® is a trademark of the relevant LSE Group company and is used by any other LSE Group company under license. The Index is calculated by or on behalf of Frank Russell Company or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the of, reliance on or any error of the Index or (b) investment in or operation of Principal® Strategic Income. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Principal® Strategic Outcomes, Principal® Strategic Income, or the suitability of the Index for the purpose to which it is being put by Principal Life Insurance Company®.

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