Is Principal Dental Insurance Worth It?

Principal Financial Group, a Fortune 500 corporation, is an insurance and financial services firm with approximately 140 years of existence in the United States. Life, disability, and Principal Dental Insurance are all written by the company, as are retirement plans like IRAs and estate planning.

What is Principal Life Insurance Company?

Principal’s beginnings may be traced all the way back to the year 1879 when the Bankers Life Association of Iowa was formed. In the beginning, the company only sold membership-based plans to healthy. Young males between the ages of 22 and 55 who were not in high-risk professions. When the growth in the first decade reached $29 million in life insurance policies.This strategy worked successfully for the company, which then had to relocate to a larger facility in Des Moines, Iowa.

What Products Does Principal Dental Insurance Offer?

Individual and group products are the two divisions of Principal’s product line. As a result, group benefits are only available to companies that choose to give them to their employees as a perk of employment. The general public can purchase individual things, although the selection is much smaller. Before we look into group benefits, let’s take a look at the individual product choices you have.

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Individual Products

Investing and retirement planning alternatives abound for the individual market, but there are only a few insurance solutions.

Life Insurance

Principal offers both Term life insurance and universal life insurance. Whole life insurance was not available at the time of writing.

You can purchase these policies for 10, 15, 20, or 30 years. And you can convert all of them to permanent insurance at the end of the period. They also offer a policy with a renewable period of one year.

With Universal, Variable Universal and Survival, Principal has three alternatives for a long term future.

Again, there are only a few sentences describing each of these policies in depth. There are no age restrictions, death benefit amounts, or other specifics listed on the website for this insurance policy. In the same way as before, we went to the quote system to see what the maximum and minimum death benefits would be.

Instead of providing easy-to-access information, the website refers visitors to a financial expert for a free consultation.


As a result, there is a choice for every investor, from those with immediate demands to those doing long-term planning, in Principal Life’s annuity selections, which are broader.

Annuities give more alternatives, but those possibilities aren’t much more specific as compared to standard life insurance policies.

Annuities for Principal are as follows:

A fixed annuity provides a guaranteed premium return as well as a fixed interest rate over the life of the contract. These provide tax benefits, flexible access, and quick access to money in an emergency.

Deferred annuities with a single premium that pay out income in the future in exchange for a one-time lump sum contribution. Some of the choices include varying guarantee durations and other characteristics.

Retirement income annuities are available in two forms. Immediate, which pays a regular income within a year while continuing to grow the principal investment, and deferred, which pays a regular income in the future. Additionally, these annuities offer a wide range of alternatives, including:

  • Payouts with a set term or amount
  • Terms of the remaining balance refund
  • Options such as joint ventures and survivorship
  • Payment options include monthly, quarterly, and annual.
  • Anti-inflationary measures
  • Rider of Liquidity

Disability Income Protection

Disability insurance from the Principal is available to anyone who needs it to supplement their income if they become unable to work due to a disability. You can tailor the plan to fit your specific requirements thanks to flexible coverage options.

The insurance company also offers a rider called Retirement Savings Protection. Even if you are unable to work, you can keep contributing to your retirement funds with this rider attached to your disability plan.

Group Products

Retirement savings and insurance coverage are two examples of employee benefits that the Principal offers. These are optional features that allow employees to take advantage of group plan advantages. Like cheaper rates while still getting the coverage they want.

Group Insurance

Employers can choose from a variety of group insurance plans offered by Principal to cover the needs of their employees.

It’s possible to have Group Disability for the short term or the long term. Flexibility is provided in terms of benefit alternatives, with short-term options ranging from 40% to 66% and long-term options ranging from 40% to 60%. You can combine Individual coverage and long-term disability insurance for greater savings. They permit Part-time employment while receiving benefits under these schemes, and both partial and total disability are covered.

You can purchase Group Life plans with or without employer contributions. There are a number of options available with either package.

  • Unquestionably a problem
  • Coverage for a spouse or dependent
  • Rider who has a terminal illness
  • Fatality and mutilation due to an accident (AD&D)
  • They will process claims under $50,000 more quickly if they expedite them.

Are the Principal Dental Insurance’s Rates Competitive?

On its website, Principal provides a quick quotation option for a term and permanent individual life insurance plan.

They ask about the Tobacco usage and age in the quote system, but they can also request height and weight, which is rare. While height and weight are frequently utilised as rating indicators, it is uncommon to find a quoting system online that utilises them. It’s likely that they calculate a person’s BMI and factor it into the quote.

Benefits of Principal Dental Insurance

Choosing a Principal Dental approved provider ensures you’ll get the greatest possible coverage. Keeping your dental plan “In Network” means you’ll spend less out-of-pocket for copays, deductibles, and other dental care costs.

Dentist insurance, including emergency treatment, has long been available via Principal. The worst times to have a dental emergency are when you have a broken tooth or a toothache, so knowing that you can obtain an appointment and have your dental needs met right away can be a huge relief. If you have Principal Dental insurance, they may check your coverage and provide you with an estimate of your benefit breakdown, so you’ll know what to expect financially.

Dental PPO plans from the Principal allow you to select your dentist rather than having one assigned to you. This means you may have the dental treatment you want rather than just what the insurance company is willing to pay for.

Principal dental gives you a good annual benefit and does not force you into only minimum treatment to get by. Our patients can finish more dental work with a $1500-$2000 calendar benefit than they could with some other plans. They’ve discovered that dental benefits provided by Principal Dental are incredibly reasonable and uncomplicated. Our patients can take advantage of their benefits to the fullest without having to worry about the financial burden of major services (such as crowns, bridges, onlays, dentures, and partials), which are typically covered at 100% for preventative care (such as exams, cleanings, and x-rays) and at 80% for restorative care (such as fillings, endodontics, periodontal services, and extractions).

Costumer Reviews

The Better Business Bureau (BBB) gives Principal Financial Group an A+ rating, and they’ve been affiliated with the BBB since 1948. 83 complaints were filed in the last three years, and 28 of those were resolved in the last 12 months. For a corporation the size of Principal, this is a significant figure.

Principal has 27 reviews on Yelp, all of which are negative. All of the concerns point to a lack of responsive customer support and a tough time getting straight answers. In addition, dental insurance claim denials are a frequent source of frustration for many people.

The fact that the same policyholder complaints and opinions are being repeated for the same firm is always alarming, yet overall complaints are once again relatively low. This company has received relatively few customer complaints, and none were located on any of the more well-known insurance review sites. Some of this may be attributable to their engagement in group policies, as many policyholders may have sought out the HR department to handle a problem rather than submitting a review or complaint online.

What’s the Bottom Line?

For a lot of their business, Principal Financial Group relies on group life insurance products. A large number of people who need a lot of coverage will be attracted to their plans because of the low rates they charge, especially for term life insurance, which includes substantial benefit levels as well.

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Who foots the bill for the insurance?

Principal dental insurance gives you the option of paying whole, part, or none of the premium. If you’re on a limited budget, consider offering voluntary dental insurance to your employees so they can cover the entire payment.

Why do you want dental insurance?

In all 50 states, they provide Preferred Provider Organization (PPO) plans.

Select states offer pre-paid and Dental Health Maintenance Organization (DHMO) plans. It’s possible that your state offers additional selections.

What aspects of dental insurance can be personalised?

Deductibles, coinsurance, and coverage maximums are all options you can choose from. Each decision has an impact on the final result. The premium is lower with a greater deductible, but employees must pay more out-of-pocket. You are the only person who can decide what is best for your business.

Disclaimer: All the information published here are for informational and educational purposes only. Moreover, all these information are researched from official sources. However, we will not warranty the information to be accurate and completed. Do not share your bank details or personal details in the comment box. For more queries visit the official website.

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