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 investment 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, and can provide bonuses prior to taking withdrawals. Our optional Deferred Income Rider allows you to seamlessly transfer money from your accumulated value to create a future stream of guaranteed income payments, 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 your advisor to learn more.

Already have an annuity with Principal®?

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Looking for performance information?

We've got you covered. Check out performance of our variable annuities. 

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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. Consider adding other types of accounts to your portfolio too.

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

** Tax-qualified retirement 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.

Withdrawals prior to age 59 ½ may be subject to a 10% IRS penalty tax