Principal Financial Group vs Kansas City Life Insurance
Comprehensive side-by-side comparison of indexed universal life insurance companies
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
Kansas City Life Insurance
Founded: 1895
Kansas City, Missouri
Assets
$4 billion
IUL Experience
10+ years
Products
2
Avg Cap Rate
9%
Key Strengths
Offers IUL products
0% guaranteed floor
Multiple index options (S&P 500, Nasdaq 100, DJIA, Russell 2000)
125+ years
Detailed Feature Comparison
| Feature | Principal Financial Group | Kansas City Life Insurance |
|---|---|---|
| Founded | 1879 | 1895 |
| Headquarters | Des Moines, Iowa | Kansas City, Missouri |
| Assets Under Management | $629 billion+ AUM | $4 billion |
| Years in IUL Business | 5+ years | 10+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 8% - 10% | 8% - 10% |
| Participation Rates | 110% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 3-4 weeks |