Principal Disability Insurance | Benefit Update Rider

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Principal Financial Group’s individual disability policy offers a benefit update rider on their policies. This rider is sometimes confusing to clients so here is a primer to clarify how it works: The benefit update rider is a no-cost rider available on individual disability policies when you purchase 75% or more of the eligible amount of benefit.  This means that if …

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Disability Insurance to Cover Loan Repayments

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This week I had a grandfather contact me about helping his grandson apply for a policy to cover his student loans. The grandson just finished pharmacy school and had a total of about $150,000 in student loans. Even though he was starting a stable full time job, he wanted to ensure that his loans would be paid if something happened …

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Principal Disability Insurance: Benefit Update Rider

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Disability Insurance Benefit Update Rider: Principal Financial Group The benefit update rider from Principal Financial Group allows you to increase your disability policy without any medical underwriting. When the policy is increased, it is adjusted so it will remain on one policy. If you have a discounted policy, the increased benefit amount will also be at the discounted rate even …

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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. …

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Optometrist Disability Insurance: Choosing Set for Life

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Word is spreading around the optometry community and optometrists are reaching out to Set for Life Insurance for their disability insurance needs. Set for Life Insurance specializes in helping individuals and business owners with their disability, life and long term care insurance. Optometrists work as both practitioners and in some cases as business owners. Set for Life is equipped to …

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