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!
