Principal Life Insurance Company offers the disability solutons your business needs.
- Comprehensive disability product portfolio
- Group Long Term Disability (LTD) insurance – a great foundation of income protection for employees. The most common plan designs, however, typically do not provide enough benefits, especially for highly compensated employees.
- Individual Disability Income (DI) insurance – an ideal way to protect a greater portion of employees' incomes. It's commonly used as an executive perk to supplement group LTD insurance.
- DI Retirement Security – allows employees to continue saving for retirement in the event of a disability.
- Innovative Underwriting – Program designs are available to meet the needs of your company, including solutions that begin with as few as three employees and include a 20% discount!
- Tailored Solutions – You can customize product features and program designs to fit the needs of your business and employees. Individual DI solutions can be packaged with Group LTD or offered on a standalone basis.
- Guaranteed Coverage – If you have at least 10 enrolled employees, this program provides insurance without routine medical inquiries, attending physician statements or electrocardiograms (EKGs).
- Payment Flexibility – You can choose to:
- Pay all the premiums
- Have employees pay the premiums (voluntary)
- Offer a combination of both – to varying employee classes