State Farm vs Principal Financial Group

Comprehensive side-by-side comparison of indexed universal life insurance companies

Updated 2025
Independent Analysis
Professional Ratings

State Farm

Founded: 1922

Bloomington, Illinois

Financial Strength Ratings

AM Best A++
S&P AA
Moody's Aa1
Assets
$200 billion+
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A

Key Strengths

Does NOT offer IUL
Offers universal life with 3% minimum interest
Visit State Farm Website →

Principal Financial Group

Founded: 1879

Des Moines, Iowa

Financial Strength Ratings

AM Best A+
Assets
$629 billion+ AUM
IUL Experience
5+ years
Products
2
Avg Cap Rate
9%

Key Strengths

Offers IUL Accumulation II, IUL Flex II
Enhanced caps announced January 2024
Serves 17 million
Visit Principal Financial Group Website →

Detailed Feature Comparison

Feature State Farm Principal Financial Group
Founded 1922 1879
Headquarters Bloomington, Illinois Des Moines, Iowa
Assets Under Management $200 billion+ $629 billion+ AUM
Years in IUL Business 0+ years 5+ years
Number of IUL Products 0 2
Typical Cap Rate Range N/A - N/A 8% - 10%
Participation Rates N/A 110%
Minimum Premium N/A $5,000 annual
Issue Ages N/A 0-85 years
Underwriting Speed N/A 2-4 weeks

Principal Financial Group IUL Policies

IUL Accumulation II

Cap Rate: 8% to 10% (enhanced January 2024)

Floor: 0%

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IUL Flex II

Cap Rate: 8% to 10%

Floor: 0%

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