Principal Life Insurance Separate Account B Co

07/11/2025 | Press release | Distributed by Public on 07/11/2025 10:51

Updating Summary Prospectus (Form 497VPU)

Supplement dated July 11, 2025

to the Updating Summary Prospectuses and Prospectuses dated May 1, 2025 for:

Principal® Investment Plus Variable Annuity (For Applications Signed Before August 1, 2013)

Principal® Investment Plus Variable Annuity (For Applications Signed On or After August 1, 2013)

Issued by Principal Life Insurance Company through its Principal Life Insurance Company
Separate Account B

This supplement updates information contained in the Updating Summary Prospectuses and Prospectuses referenced above. Please retain this supplement for future reference.

APPENDIX A: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT

The following changes are made to the list of Underlying Mutual Funds available under the Contract contained in the above-referenced appendix.

Effective July 28, 2025, the existing row for Neuberger Berman AMT Sustainable Equity - I Class Shares is replaced with the new row below to reflect a fund name change:

Type

Portfolio

Current
Expenses
Average Annual Total Returns
(as of 12/31/24)
Advisor/Sub-advisor (Net) 1 year 5 year 10 year
Large Blend

Neuberger Berman AMT Quality Equity Portfolio - I Class Shares

Neuberger Berman Investment Advisers, LLC

0.89% 25.84% 13.97% 11.44%

Classification: Company Confidential

Principal Life Insurance Separate Account B Co published this content on July 11, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on July 11, 2025 at 16:52 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]