AMENDMENT TO

PARTICIPATION AGREEMENT AMONG

PUTNAM VARIABLE TRUST,

PUTNAM RETAIL MANAGEMENT LIMITED PARTNERSHIP AND PRINCIPAL LIFE INSURANCE COMPANY

THIS AMENDMENT TO PARTICIPATION AGREEMENT (“Amendment”) dated

as of March 2nd, 2021, amends the Participation Agreement dated as of May 1, 1998, as amended (the “Agreement”) among PRINCIPAL LIFE INSURANCE COMPANY (“Company”), PUTNAM VARIABLE TRUST (the “Trust”), and PUTNAM RETAIL MANAGEMENT

LIMITED PARTNERSHIP (the “Underwriter”). All capitalized terms not otherwise defined in this Amendment, shall have the same meaning as ascribed in the Agreement.

WITNESSETH THAT:

WHEREAS, the parties wish to amend and restate the contract names in schedule A and the available funds in schedule B to the Agreement

NOW, THEREFORE, in consideration of the mutual promises herein, the Company, the Trust, and the Underwriter agree as follows:

1.Schedule A to the Agreement is hereby deleted in its entirety and replaced with the Schedule A attached hereto.

2.Schedule B to the Agreement is hereby deleted in its entirety and replaced with the Schedule B attached hereto.

3.This Amendment shall be effective as of July 1, 2020.

4.In all other respects, the terms of the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the Company, Trust and the Underwriter hereto have caused this Amendment to be executed in their names and on their behalf by their duly authorized representatives hereto as of the date specified above.

PRINCIPAL LIFE INSURANCE COMPANY

By its authorized officer,

By: /s/ Todd A. Jones                

Name: Todd A. Jones

Title: Asst. Director Product Management

PUTNAM VARIABLE TRUST

By its authorized officer,

By: /s/ Michael Higgins            

Name: Michael Higgins            

Title: Treasurer of the Funds             

PUTNAM RETAIL MANAGEMENT LIMITED PARTNERSHIP

By its authorized officer,

By: /s/ Mark Coneeny            

Name: Mark Coneeny            

Title: Head of Relationship Management    

Schedule A

Name of Separate Account	Contracts Funded by Separate Account
Principal Life Insurance Company Separate	Principal Benefit Variable Universal Life
Account	Principal Benefit Variable Universal Life II
	Principal Executive Variable Universal Life
	Principal Flexible Variable Life
	PrinFlex
	Principal Survivorship Universal Life
	Principal Variable Universal Life Income
	Principal Variable Universal Life Income II
	Principal Variable Universal Life Accumulator
	Principal Variable Universal Life Accumulator II
	Principal Executive Variable Universal Life II
	Principal Variable Universal Life Income III
	Principal Variable Universal Life Income IV
	Principal Executive Variable Universal Life III

Schedule B

Authorized Funds

All Putnam VT Funds Class IB

Service Fee Payments*

Class IB Shares- 0.25% per annum

* Payments made in accordance with the terms of each Funds then current Prospectus