Form 497VPI Principal Life Insurance

 

Supplement dated July 11, 2025

to the Initial Summary Prospectus, Updating Summary Prospectus, and Prospectus

dated May 1, 2025 for:

 

Principal^® Pivot Series Variable Annuity 

 

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

 

This supplement updates information contained in the Initial Summary Prospectus, Updating Summary Prospectus, and Prospectus 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 – S Class Shares is replaced with the new row below to reflect a fund name change:

 

Type	Portfolio   Advisor/Sub-advisor	Current Expenses (Net)	Average Annual Total Returns (as of 12/31/24)
			1 year	5 year	10 year
Large Blend	Neuberger Berman AMT Quality Equity Portfolio (1) – S Class Shares   Neuberger Berman Investment Advisers, LLC	1.15%	25.52%	13.68%	11.18%

 

Classification: Company Confidential

 

 

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