Supplement dated
to the Updating Summary Prospectuses and Prospectuses dated May 1, 2025 for:
Principal® Benefit Variable Universal Life
Principal® Executive Variable Universal Life
Principal® Variable Universal Life Income II
Principal® Executive Variable Universal Life II
Principal® Benefit Variable Universal Life II
Principal® Executive Variable Universal Life III
Principal® Variable Universal Life Income IV
and to the Initial Summary Prospectuses dated May 1, 2025 for:
Principal® Executive Variable Universal Life III
Principal® Variable Universal Life Income IV
Issued by Principal Life Insurance Company through
its
This supplement updates information contained in the Initial Summary Prospectuses, Updating Summary Prospectuses, and Prospectuses referenced above. Please retain this supplement for future reference.
APPENDIX: UNDERLYING FUNDS AVAILABLE UNDER THE POLICY
The following changes are made to the list of Underlying Funds available under the Policy contained in the above-referenced appendix.
Effective immediately, the existing row for Wanger International is replaced with the new row below to reflect fund name and advisor changes:
| Fund Company and Fund Name and Class | Fund Type | Advisor/ Sub-Advisor | Current Expense Ratio | Average Annual Total Returns | |||
| 1 yr | 5 yr | 10 yr | Since Inception | ||||
| - | - | ||||||
Effective July 28, 2025, the existing row for Neuberger Berman AMT Sustainable Equity – Class I is replaced with the new row below to reflect a fund name change:
| Fund Company and Fund Name and Class | Fund Type | Advisor/ Sub-Advisor | Current Expense Ratio | Average Annual Total Returns | |||
| 1 yr | 5 yr | 10 yr | Since Inception | ||||
Classification: Company Confidential