State Farm vs Principal Financial Group
Comprehensive side-by-side comparison of indexed universal life insurance companies
State Farm
Founded: 1922
Bloomington, Illinois
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
Principal Financial Group
Founded: 1879
Des Moines, Iowa
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
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 |