Principal is known on the benefits side for pairing group insurance with retirement plans in a single employer relationship, which appeals to organizations that would rather not manage separate vendors for each. Group life, short-term and long-term disability, dental, and vision make up its core workplace insurance lineup, offered alongside 401(k) and other defined contribution plans, defined benefit plans, and nonqualified deferred compensation. Founded in Des Moines in 1879, the company has built a particularly deep presence among small and mid-size employers. Individual disability income coverage, including policies written for physicians and dentists, is another long-standing specialty. AM Best affirmed the A+ (Superior) Financial Strength Rating of Principal Life Insurance Company in April 2026 with a stable outlook.
