Variable Annuities

Tap potential for market growth to help maximize future guaranteed income.

Variable annuities offer a unique way to plan for retirement: by accumulating tax-deferred growth based on market performance, and providing a variety of payout options for guaranteed retirement income.

Variable annuities are a long term investments that feature:

  • Guaranteed lifetime income
  • Tax-deferred growth until payout
  • Death benefit to help create a legacy for your beneficiaries
  • Flexible withdrawal privileges with tiered surrender charges

Optional living benefit riders provide growth potential and protection from market risk, as well as bonuses prior to taking withdrawals. Deferred income riders also allow you to seamlessly transfer your money into a stream of guaranteed income payments, starting whenever you choose, at no additional cost to you

You can also benefit from the features of variable annuities by using them to fund other tax qualified retirement arrangements, such as Traditional IRAs. Talk to an advisor to learn more.

Not all retirement goals are alike.

Principal Life Insurance Company offers two different variable annuity solutions that bring together the flexibility of investing with the reassurance of annuities:

  • The Principal Investment Plus Variable AnnuitySM (VA) offers a variety of investment options, fund families and money managers, as well as automatic step-ups and guaranteed minimum withdrawal benefit riders.
  • The Principal Pivot Series Variable Annuity (VA) allows you to pivot among a wide array of investments as your risk tolerance and needs change over time—all while enjoying tax-deferred savings growth.

Product NamePrincipal Investment Plus VAPrincipal Pivot Series VA
Tax DeferralYesYes
Choice of Investment OptionsYesYes
Multiple Fund ManagersYesYes
Guaranteed Minimum Withdrawal Benefit RiderYesNo
Deferred Income RiderNoYes
Optional Death BenefitsNoYes

Already have an annuity with The Principal®?

Access your account information online.

We're here to help

Visit our annuities help section, or call us at 800-852-4450.

Help to secure your retirement income

More For Your Retirement: Going Beyond Your Employer’s Plan

When it comes to saving for retirement, your employer's retirement plan isn't the only option. 

Find a Financial Advisor Near You

You don't have to be an expert, but it helps to know one. No pressure, no sales pitch - just reliable financial support from a financial professional.

Tax-qualified arrangements such as IRAs, SEPs, and SIMPLE IRAs are tax deferred. You derive no additional benefit from the tax-deferral feature of the annuity.  Consequently, an annuity should be used to fund an IRA, or other tax-qualified retirement arrangement, to benefit from the annuity’s features other than tax deferral.  These features may include guaranteed lifetime income, death benefits without surrender charges, guaranteed caps on fees and the ability to transfer among investment options without sales or withdrawal charges.

Contract rider descriptions are not intended to cover all restrictions, conditions or limitations.