You may or not have heard about Principal Financial. What is Principal Financial? This article will enlighten you on what this company is all about and equip you with straightforward facts that you can present to anyone who asks you about Principal Financial.
Name of the Company: Principal Financial
Official Website URL: https://www.principal.com/
Owner: Dan Houston (CEO)
Overall rating: [usr 4]
Recommended? : Yes
P.S.
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Intro
In this review, we will help you answer the following questions:
- What is Principal Financial?
- How does it work?
- What products and services do they offer?
- Are their services genuine?
- Investment opportunities offered?
- It will also be to have you know the pros and cons of this company to make an informed decision or recommendation about this company.
- Are there other alternatives that might suit you better and that you can combine with the Principal?
What is Principal Financial?
Principal Financial exists as a financial and insurance services company that serves its clients globally. This company has its headquarters in Des Moines, Iowa. Principal Financial was founded in 1879 by Edward Temple. According to Dan Houston, the company’s current president and CEO intended to create a company that had its clients’ goals at heart. Since it came to birth, this company has worked diligently towards providing valuable services to those who have entrusted their resources in the form of money to them.
Principal Financial offers clients investment options for those who seek to grow their wealth to secure their future in retirement plans, mutual funds, annuities, and insurance covers such as life insurance and individual disability policies. This company also has group insurance plans offered to employees through their employers.
How does it work?
How you access the services and products offered by Principal Financial is bound to vary. This company offers both individual and group insurance products, which translates to different approaches that can be followed for one to access the offerings. The company has an online quoting system that clients can rely on to know the premiums and funds they can expect to part with when purchasing the products offered.
There are life and disability claim forms in the official website help section. Clients must fill out these forms and send them out to Principal Financial for processing. There is also a brief Q&A that clients should partake in before even downloading the forms. The answers they provide help establish whether they qualify to be covered through the covers offered by Principal Financial.
Products and services offered?
Principal Financial has both group and individual products. This company targets its clients in both categories to provide the most desired benefits in the most appropriate approach. Below is the breakdown of the way Principal Financial offers its products to its clients:
Products offered to individuals
1. Life Insurance – the life insurance policies offered by Principal Financial include: Term life insurance, Survivorship Life, Universal Life, Variable Universal Life, and Indexed Universal Life policies.
2. Annuities – Principal Financial offers a variety of annuity products in a bid to help investors create a long-term investment plan. The annuity plans offered are fixed annuities, Single premium deferred annuities, income annuities, indexed annuities, variable annuities.
3. Retirement savings – Principal Financial offers retirement savings accounts for its clients. Some of the main plans under this category include 401(k), 403(b), traditional and IRA plans, mutual funds.
4. Disability Income protection – this product aims to cover individuals from the loss of income resulting from disability.
P.S.
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Products offered as group products
1. Group Insurance –some of the group insurance products offered by Principal Financial Include: Group Disability, Group Life plans, Dental and Vision Insurance, Critical Illness & Accident Insurance.
2. Retirement plans –the major retirement plans offered to employees by Principal Financial include Pension plans, stock ownership plans for employees, group 401(k) and 403(b), nonqualified deferred compensation plans.
***Also read –
Simple Portfolios For Retirement
What Are The Benefits of Retirement Planning?
How Does Inflation Affect Retirement Savings?
How To Write a Retirement Speech
Is Principal Financial a Scam, or is it Legit?
Principal Financial has been in operation since 1879, founded by Edward Temple. According to Fortune 500, this company has 16,475 employees working for it to serve clients distributed all over the world. This would not have been the case if Principal Financial was not a genuine company offering genuine products.
Principal Financial Group has its stocks traded on NASDAQ as PFG, which is sufficient proof that this company is genuine. Most of the companies who rely on this have offered positive reviews about it, as shown on Best Company. There is, however, a significant outcry from clients on Yelp. They point out that Principal Financial does not disclose the details that matter to clients at the contract’s start and later uses such details to go against the clients’ expectations.
Yelp : 
(1 / 5)
Best Company : 
(3 / 5)
Facebook: N/A
Better Business Bureau: N/A
Trustpilot: N/A
Investment opportunities?
Investors can rely on the products offered by Principal Financial to grow their wealth in a bid to ensure that they and those who can be termed as their beneficiaries do not encounter any financial difficulties in their retirement years. The annuities, mutual funds, and retirement plans offered by Principal Financial are good enough to help investors to achieve this objective.
Pros and Cons
We always present some obvious points on both sides of the spectrum in our reviews. Below you got some precise points on both sides of the spectrum:
Pros
-Has been in business for more than a century.
-Trustworthy.
-Has branches that serve clients all over the world.
-Offers a variety of insurance and investment products.
Cons
-Does not offer whole life insurance.
-The lack of client education on the terms of the products offered has come up on several consumer trust sites.
Do You Own or represent Principal Financial?
If you are a representative or associate of Principal Financial and have found something not to be correct in this review, please, feel free to tell me, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below, or else you get the e-mail on the about page.
Final words and verdict:
Verdict: Legit
Overall rating: 
(4 / 5)
Ok, I think that sums up the overall view of this company pretty well. It is a legit one for sure. However, if it is your best alternative, there is another story. That is something you have to decide for yourself, and of course, it, first of all, depends on what you are looking for.
If you are looking for life insurance and annuities, they might be one of your best alternatives. Suppose you are looking for Gold % Silver IRAs. In that case, I always recommend Augusta Precious Metals as they have a flawless record and are the (by far) best-rated company in the precious metals industry by 3rd party consumer protection agencies. So I suggest you check them out if you haven´t already.
Important!
Continually review and compare different alternatives against each other before you make any investment decisions.
You made a wise decision to read this review, and you are an intelligent person, so I am sure that you will find the right company that suits your particular need the best and that you feel comfortable doing business with.
There are many excellent investment services out there. I have listed many of them on this website. However, the absolute best one I can recommend (for IRAs and 401k rollovers) is Augusta Precious Metals. The USA’s #1 rated company is to invest in Precious Metals IRAs.
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I hope you found this short review of Principal Financial helpful, and you now have a better understanding of what it is and if their investing financial service is for you. If you have used any of their services, share your experience in the comment section below, as it can help others! Also, if you got any questions about this review, I will be more than happy to answer them below!
I wish you success!
Michael,
founder of: Goldretired.com
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