Principal Disability Insurance Changes

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Principal Disability Insurance Changes Effective Immediately Principal Financial Group announced the following changes to their individual disability policy effective immediately: 1) For occupation classes 6A, 5A, 4A and 3A, clients may purchase up to $20,000/month benefit.  Benefits may aggregate with another individual disability insurance for up to $35,000/month benefit. In addition, clients may purchase up to $35,000/month benefit if there is …

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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 Increases Disability Sales

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Principal Financial Group increases disability insurance sales By Allison Bell February 1, 2013 • Principal Financial Group Inc. (NYSE:PFG) has expanded its individual and group disability insurance operations over the past year. The company disclosed information about disability unit growth in the specialty benefits section of the supplement to its earnings release for the fourth quarter of 2012. Principal is …

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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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