Principal Financial Offers New Universal Life Coverage

August 23, 2005

The Principal Financial Group is offering a new life product, Principal Universal Life (UL) Protector II, which provides guaranteed death benefit protection for individuals’ businesses or personal estates.

Principal UL Protector II gives individuals choices in guaranteed death benefit protection up to age 121, extended the issue ages to age 85, premium payment options and a number of riders and provisions. As needs change over time, customers can increase or decrease coverage amount and the length of guaranteed coverage. If premium payments are skipped or delayed, individuals can choose to pay “catch up” contributions to receive the original guaranteed protection.

The Principal Financial Group provides financial products to businesses, individuals and institutional clients, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies.

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