Offer Medical and Dental Professionals More Income Protection!
Principal® is increasing the Individual Disability Income (DI) Insurance Issue and Participation (I&P) limits for Medical and Dental occupations.
For 5A-M, 4A-M and 3A-M occupations between the ages of 18-55, the monthly I&P limits are now:
* Issue: $20,000
* Participation with other IDI: $30,000
* Participation with Group LTD : $35,000
* Future Benefit Increase: up to $17,000
Plus, Orthodontists are now classified as a 4A-M Occupation class!
When will these changes be available?
The IDI new business illustration system will be updated August 20th. However, these limits can be used on new cases, adjustments or cases that were submitted in the last 60 days.
Effective immediately, Standard has increased their issue and participation limits for medical and dental occupations on their Platinum Advantage product.
For ages 18 – 55, they will Issue up to 20k per month and Participate up 30k with other IDI and 35k with Group LTD.
For ages 56 – 64, they will Issue up to 15k per month and Participate up 25k with other IDI and 30k with Group LTD.
They no longer separate limits based on medical and dental occupation classes. Instead, we’ll differentiate by age.
They have also upgraded occupation classes for several medical professions.
The following occupations are now 5P for Platinum Advantage. They’re now 5A for Business Equity Protector and Business Overhead Protector.
Physiatrists are now 4P for Platinum Advantage and 4A for Business Equity Protector and Business Overhead Protector.
The upgrades apply to both fully underwritten and Guaranteed Standard Issue IDI. Please note: these changes do not apply to Protector Platinum and Protector Essential, which are currently available in California.
Just add a 5!
Please be advised that we have upgraded our telephone system and we now have four digit extensions.
Simply add a 5 before the previous extension number.
The updated extension listing is below:
John F. Nichols Ext. 5301
Benjamin K. Perez Ext. 5303
Ivan Trujillo Ext. 5304
Carl Sup Ext. 5305
Kevin Cloutier Ext. 5306
Ron Goldman Ext. 5308
Steven Sherman Ext. 5309
Terry Kaltenbach Ext. 5310
Seth Stein Ext. 5311
Crystal Clark Ext. 5325
Amanda Hudechek Ext. 5326
Norbert Winter Ext. 5330