DocumentPrincipal Life Insurance Company
Principal Life Insurance Company Separate Account B
Supplement dated August 23, 2023
to the Prospectuses and Updating Summary Prospectuses dated May 1, 2023 for:
Principal® Investment Plus Variable Annuity (for applications signed on or after August 1, 2013)
Principal® Investment Plus Variable Annuity (for applications signed before August 1, 2013)
This supplement updates information contained in the Prospectus and Updating Summary Prospectus for each of the variable annuity contracts referenced above. Please retain this supplement for future reference.
APPENDIX A — INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT
Delete the row for American Century VP Ultra Fund – Class II in the table and replace with the following:
| | | | | | | | | | | | | | | | | |
| Type | Portfolio
Advisor/Sub-advisor | Current Expenses (Net) | Average Annual Total Returns
(as of 12/31/22) |
| 1 year | 5 year | 10 year |
| Large Growth | American Century VP Ultra Fund (1) – Class II
American Century Investment Management, Inc. | 0.90% (2) | -32.46% | 10.94% | 13.95% |