Principal Disability Insurance Changes

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Principal Financial Group

  • Sales professionals, financial and investment professionals are now classified based on their income and years earning a certain income. This change moves these people from a 3A to a 5A occupation classifications.  This results in a significant reduction in premium.
  • A higher 3A occupation class is available for several occupations in the transportation, hospitality and publishing/media industries.
  • The percentage of physical duties allowed has increased to 50 percent (from 20 percent) for the Business Owner Enhancer.
  • The Business Loan Protection rider’s maximum monthly benefit and maximum aggregate benefit have increased to $20,000 and $2 million, respectively (previously $10,000 and $1 million).
  • Increased limits for government employees.

For more information about disability insurance from Principal Financial Group, contact Set for Life Insurance today!