UNITEDTable STATES SECURITIESof AND EXCHANGE COMMISSION Contents

~~Washington,~~UNITED ~~D.C.~~STATES SECURITIES ~~20549~~AND EXCHANGE COMMISSION

~~FORM~~Washington, ~~8-K~~D.C. 20549

~~CURRENT~~FORM ~~REPORT~~8-K ~~Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934~~

~~Date~~CURRENT ofREPORT Pursuant ~~Report~~to Section 13 OR 15(~~Date~~d) of The ~~earliest~~Securities ~~event~~Exchange ~~reported)~~Act ~~August 1,~~of ~~2005~~1934

~~Principal~~Date ~~Life~~of ~~Insurance~~Report ~~Company~~(Date of earliest event reported) October 3, 2005

~~on behalf of~~ Principal Life ~~Income~~Insurance ~~Fundings Trust 2005-17~~Company

~~(Exact~~on ~~name~~behalf of ~~registrant~~Principal asLife ~~specified~~Income inFundings ~~its~~Trust ~~charter)~~2005-17

~~Iowa~~ (~~State~~Exact orname ~~other jurisdiction~~ of ~~incorporation)~~registrant ~~333-110499-109~~as ~~(Commission~~specified ~~File~~in ~~Number)~~its ~~42-0127290 (IRS Employer Identification No.~~charter)

711 High Street, Des Moines, Iowa (Address of principal executive offices) 50392-0001 (Zip Code)


Iowa	333-110499-109	42-0127290
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

Registrant’s telephone number, including area code: (515) 247-1111


711 High Street, Des Moines, Iowa		50392-0001
(Address of principal executive offices)		(Zip Code)

~~Not~~Registrant’s ~~Applicable (Former~~telephone ~~name or former address~~number, ifincluding ~~changed~~area ~~since~~code: ~~last report.~~(515) 247-1111

~~Check~~Not ~~the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the~~Applicable ~~filing~~(Former ~~obligation~~name ofor ~~the~~former ~~registrant~~address, ~~under~~if ~~any~~changed ofsince ~~the~~last ~~following provisions (see General Instruction A~~report.~~2. below~~):

oCheck ~~Written~~the ~~communications~~appropriate ~~pursuant~~box tobelow ~~Rule~~if ~~425 under~~ the ~~Securities~~Form ~~Act~~8-K ~~(17~~filing ~~CFR~~is ~~230.425)~~intended ~~o Soliciting material pursuant~~ to ~~Rule~~simultaneously ~~14a-12~~satisfy ~~under~~ the filing ~~Exchange~~obligation ~~Act~~of ~~(17~~the ~~CFR~~registrant ~~240.14a-12)~~under oany ~~Pre-commencement~~of ~~communications pursuant to Rule 14d-2(b) under~~ the ~~Exchange~~following ~~Act~~provisions (17see ~~CFR~~General ~~240~~Instruction A.~~14d-~~2~~(b))~~. ~~o Pre-commencement communications pursuant to Rule 13e-4(c~~below) ~~under the Exchange Act (17 CFR 240.13e-4(c))~~:

~~Item~~o ~~8.01~~Written ~~Other~~communications ~~Events~~pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Ono ~~August 1,~~Soliciting ~~2005,~~material apursuant ~~payment was made~~ to ~~the~~Rule ~~holders~~14a-12 ofunder the ~~notes~~Exchange ~~issued~~Act ~~by the Principal Life Income Fundings Trust 2005-~~(17 ~~(the~~CFR ~~“Trust”)~~240. ~~Specific information with respect to the payment is filed as Exhibit 99.1 hereto. No other reportable transactions or matters have occurred during the current reporting period.~~ 14a-12)

~~The~~o ~~Trust’s~~Pre-commencement ~~assets~~communications ~~consist~~pursuant ofto aRule ~~Funding Agreement issued by Principal Life Insurance Company~~ 14d-2(~~“Principal Life”~~b) ~~and a Guarantee issued by Principal Financial Group, Inc. (“PFG”) which fully and unconditionally guarantees the payment obligations of Principal Life~~ under the ~~Funding~~ ~~Agreement.~~Exchange ~~PFG is subject to the informational requirements of the Securities~~ Act of ~~1934, and in accordance with those requirements files periodic and current reports and other information~~ (~~including~~17 ~~financial~~CFR ~~information) with the Securities and Exchange Commission (“SEC”)~~240. You can read and copy any reports or other information PFG files at the SEC public reference room at 450 Fifth Street, N.W., Washington, D.C. 20549. You can also request copies of PFG’s documents upon payment of a duplicating fee, by writing the SEC’s public reference room. You can obtain information regarding the public reference room by calling the SEC at 114d-~~800-SEC-0330. PFG’s filings are available to the public from commercial document retrieval services or over the internet at http://www/sec/gov.~~ 2(b))

~~Item~~o ~~9.01~~Pre-commencement ~~Financial~~communications ~~Statements~~pursuant ~~and~~to ~~Exhibits~~Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~(c) Exhibits~~ TABLE OF CONTENTS

Exhibit 99.1 Indenture Trustee’s report in respect of the August 1, 2005 payment to holders of the notes issued by the Principal Life Income Fundings Trust 2005-17.


	Item 8.01 Other Events.
	Item 9.01 Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
Indenture Trustee's Report

SIGNATURES Table of Contents

~~Pursuant~~Item 8.01 toOther ~~the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~Events.

	PRINCIPAL LIFE INSURANCE COMPANY (Registrant)
Date: August 1, 2005	By:	/s/ KAREN A. PEARSTON
	Name: Karen A. Pearston
	Title: Second Vice President and Counsel

		On October 3, 2005, a payment was made to the holders of the notes issued by the Principal Life Income Fundings Trust 2005-17 (the “Trust”). Specific information with respect to the payment is filed as Exhibit 99.1 hereto. No other reportable transactions or matters have occurred during the current reporting period.

		The Trust’s assets consist of a Funding Agreement issued by Principal Life Insurance Company (“Principal Life”) and a Guarantee issued by Principal Financial Group, Inc. (“PFG”) which fully and unconditionally guarantees the payment obligations of Principal Life under the Funding Agreement. PFG is subject to the informational requirements of the Securities Act of 1934, and in accordance with those requirements files periodic and current reports and other information (including financial information) with the Securities and Exchange Commission (“SEC”). You can read and copy any reports or other information PFG files at the SEC public reference room at 450 Fifth Street, N.W., Washington, D.C. 20549. You can also request copies of PFG’s documents upon payment of a duplicating fee, by writing the SEC’s public reference room. You can obtain information regarding the public reference room by calling the SEC at 1-800-SEC-0330. PFG’s filings are available to the public from commercial document retrieval services or over the internet at http://www/sec/gov.

~~EXHIBIT~~Item 9.01 ~~INDEX~~Financial Statements and Exhibits.

Exhibit
Number		Description
Exhibit 99.1		Indenture Trustee’s report in respect of the August 1, 2005 payment to holders of the notes issued by the Principal Life Income Fundings Trust 2005-17.

(c)

Exhibits

Exhibit 99.1

Indenture Trustee’s report in respect of the October 3, 2005 payment to holders of the notes issued by the Principal Life Income Fundings Trust 2005-17.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	PRINCIPAL LIFE INSURANCE COMPANY (Registrant)
Date: October 3, 2005	By:	/s/ KAREN A. PEARSTON
		Name:	Karen A. Pearston
		Title:	Second Vice President and Counsel

EXHIBIT INDEX


Exhibit
Number		Description

Exhibit 99.1		Indenture Trustee’s report in respect of the October 3, 2005 payment to holders of the notes issued by the Principal Life Income Fundings Trust 2005-17.

Filing Compare · PRINCIPAL LIFE INCOME FUNDINGS TRUST 2005-17