Insurance products and plan administrative services provided through Principal Life Insurance Co. Securities offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker-dealers. Principal Life and Principal Securities are members of the Principal Financial Group
Disability Insurance
You make scheduled payments just like you do with other types of insurance. Then if you ever get a serious illness or injury that prevents you from working, you receive a monthly benefit that helps you stay afloat financially. Think of this insurance as protection for your income (disability insurance is sometimes known as “income protection").
There are two main types of variable annuities: those used for asset accumulation and those focused on providing a source of guaranteed income in retirement. And depending on your financial goals, it’s possible to structure an annuity that can do both.