What Insurance Policies Does Principal Life Financial Group Offer?

The Principal Financial Group offers disability insurance, retirement savings protection, and life insurance, both term and permanent life. It also offers estate planning and personal trusts, as well as insurance coverage through employers, according to the company's website.

Disability insurance is a plan that provides benefit payments when an insured individual is disabled and unable to work, according to the National Association of Health Underwriters. Disability insurance is set up to replace anywhere from 45 to 65 percent of an insured person's income if he cannot work. Disability insurance policy benefits are not taxable. The Principal Financial Group also offers retirement savings protection in conjunction with disability insurance, as stated on the company's website. Retirement savings protection allows an individual to continue contributing to his retirement savings even if he is unable to work.

Term life insurance provides level premiums and a level death benefit for a specified period of time, as stated by U.S. News. Permanent life insurance, depending on the specific product, lasts for the entirety of the insured person's lifetime and accumulates a cash value. The cash value allows the insured individual to borrow against it on a tax-free basis or utilize the funds for retirement or educational expenses.

Principal Financial Group consists of five segments, with the U.S. Insurance Solutions segment providing insurance products. Principal Financial Group was founded in 1879 and as of 2015, is number 63 on the list of America's best employers, reports Forbes magazine.