SF 654                      Page 2                                      SAMPLE

SF 654                      Page 1                                      SAMPLE

                             CHANGE OF INSURED RIDER

This rider is part of Your policy. All policy definitions, provisions and
exceptions apply to this rider unless changed by this rider. The Effective Date
of this rider is the same as the Policy Date unless another date is shown on the
current Data Pages.

DEFINITIONS

CHANGE OF INSURED DATE means the Monthly Date next following Our approval of a
requested Change of Insured application. The insurance on the new Insured will
be effective on the Change of Insured Date.

     EXAMPLE: If the Policy Date is June 5, 2002, and Your requested Change of
     Insured is approved on April 20, 2004, the Change of Insured Date will be
     May 5, 2004.

CHANGE OF INSURED PRIVILEGE

You may name a new Insured for this policy if:

1.   You are the original and current owner of this policy;

2.   This policy is in force and is not in a grace period;

3.   Benefits  are not  being  granted  under  any  rider  due to the  Insured's
     disability;

4.   You have an insurable interest in the life of the proposed new Insured;

5.   The  Attained  Age of the proposed new Insured is 69 or under on the Change
     of Insured Date; and

6.   You supply  evidence  which  satisfies  Us of the  proposed  new  Insured's
     insurability under Our underwriting guidelines then in effect.

LIMITATIONS AND CONDITIONS

1.   The Total Face Amount,  Surrender  Value,  and Policy Value will remain the
     same.

2.   Riders may be added for the new Insured only with Our consent.

3.   Any outstanding  loans or unpaid loan interest  secured by Your policy will
     remain and are subject to the  conditions  of the Policy  Loans  section of
     Your policy.

4.   Your policy will remain subject to any existing assignments.

INCONTESTABILITY

We will not claim Your policy is void or deny payment of any proceeds after it
has been in force during the Insured's lifetime for two years from the Change of
Insured Date for the new Insured, except for any claim for total disability or
accidental death benefits Your policy may provide.

Any Total Face Amount increase made after the Change of Insured Date has its own
two-year contestability period which begins on the Adjustment Date.

The time limits in this provision do not apply to fraudulent misrepresentations.

SUICIDE

The death proceeds of the policy will not be paid if the new Insured dies by
suicide, while sane or insane, within two years of the Change of Insured Date.
Instead, We will pay the Net Surrender Value as of the date of death.

TERMINATION


This rider terminates on the first of:

1.       The Insured's Attained Age 70;


2.       Termination of Your policy; or

3.       The death of the Insured under Your policy while it is in force.

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                                    [GRAPHIC
                                OMITTED][GRAPHIC OMITTEDPrincipal Life
                                                   Insurance Company
                                                   Des Moines, Iowa 50392-0001