MTN
GLOBAL FUNDING AGREEMENT
Principal Life Insurance Company
711 High Street
Des Moines, Iowa 50392-0001
(515) 247-5111
In
consideration of the payment made by, or at the direction of,
Principal Life Income Fundings Trust 2007-127
(the
“Agreement Holder”)
of the
Net Deposit, as described below, Principal Life Insurance Company
(“Principal Life”) agrees to make payments to the
person or persons entitled to them, subject to the provisions of
this funding agreement (this “Agreement”).
This
Agreement is delivered in and subject to the laws of the State of
Iowa.
This
Agreement is issued and accepted subject to all the terms set out
in it.
This
Agreement is executed by Principal Life at its Corporate Center to
take effect as of the 27th day of December, 200 7 , which is
referred to as the Effective Date, subject to the receipt by
Principal Life or its designee of the Net Deposit (as set forth in
Section 1).
