Principal Life Insurance Group, or PLIGO, a
division of AM Best, a company founded by David A. Miller, Jr., the largest
independent financial services provider in the country. In January 2004, Mr.
Miller named his private equity firm, principalLife, to manage its assets. On
October 4, 2006, founding partner and former president Mr. William J. Weisberg
purchased a 40% ownership stake in the company from Mr. Weisberg for an amount
exceeding $3 billion. Since then, there have been numerous acquisitions and
divestitures that have created a robust marketplace of diversified
institutional portfolio companies.
Principal Life Insurance Group (PLIGO), a
Division of AM Best, is one such company with significant operations across
multiple segments of the American Insurance industry. The entity was formed
during Mr. Miller’s tenure as President and Chief Executive Officer leading AM
Best Incorporated. With Mr. Miller at the helm, Premier Life has grown into a
market leader in the U.S. Life Insurance industry by offering comprehensive
suite of life insurance policies, annuities and retirement plans through its
subsidiaries as well as its affiliated brokerages and advisory firms.
Headquartered in Pittsburgh, PA, Principal Life operates throughout North
America with offices in Chicago, Detroit, Boston, Minneapolis/St. Paul, Denver,
New York City, Los Angeles, San Francisco, Texas, Atlanta and London. For more
information visit www.principallife.com.
Does Principal sell life insurance?
Principal Life sells investment-based
products that are marketed in the life insurance industry, including investment
strategies on investment securities and global portfolios. According to the
company website, “Principal offers investment strategies on investments through
our mutual funds, exchange traded funds, fixed income and ETFs, private
offerings, individual and corporate retirement plans, employee benefit
solutions, managed wealth management programs and advisory services. Our
businesses also provide consulting and coaching services through our advisory
platforms, which work closely with clients to help them make informed
investment strategies. Professional experience allows us to serve our customers
at all levels of their financial lives.”
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