Principal Financial Group has launched the Principal Secure Choice Indexed Annuity SM. The new indexed annuity offers safety along with the opportunity for additional growth to help individuals meet their long-term retirement savings goals. The Principal Secure Choice Indexed Annuity is a single-premium, fixed deferred indexed annuity with performance based in part on performance of the S&P 500® Index1 (excluding dividends).

It is simpler than other indexed annuities since there's just one index to track and one application process for the two index-crediting methods investors can choose from. In addition, the product offers a four-year surrender charge period, which is rare in the indexed annuity marketplace.