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Glossary of Disability Insurance Terms

Accident An event that is unforeseen, unexpected and unintended. Accident Bodily Injury Physical injury sustained as the result of an accident. Accident Disability Either a total or partial disability resulting from an accidental injury. Accidental Death & Dismemberment (AD&D) Benefit An optional benefit that provides a fixed lump sum for accidental death or for certain specified actual loss or[…]

2 Ways Falling in Love Changes Your Insurance Needs

Falling in love changes everything in your life, including insurance needs. That is especially true for couples who eventually marry. Once two hearts become one, insurance can help smooth out the bumps that inevitably arise in a couple’s life together. For example, coverage can help protect the couple’s most valuable asset, the ability to earn[…]

Principal Disability Changes

The following changes are effective Monday, February 6, 2017: These Changes will not affect any existing policies inforce. Several occupations are re-classified for all disability products: 5A: Pharmacists 4A-M: Nurse Practitioners 3A-M: Dentists and dental specialties OB/GYNs Surgeons (general, plastic and orthopedic) Pain management physicians CRNAs All 3A-M occupations now qualify for the Regular Occupation rider.[…]

MetLife News – 2016

Jan 12th, 2016 MetLife announces the separation of it’s USA Life Insurance unit. Amongst “Structural Alternatives,” under consideration is a public offering of shares as an Independent company, a spin-off or a sale. This spin-off represents 20% of MetLife’s operating earnings.   Feb 29th, 2016 MassMutual agrees to buy MetLife Retail Advisor network for $300 million. MetLife’s[…]

Guardian Berkshire Announcement!

Higher Participation Limits for First-Year Dental Specialists Effective immediately in all states, first-year new professional limits for endodontists, pediatric dentists, periodontists and prosthodontists will increase from $6,000 to $7,500. The Catastrophic Benefit Maximum for this specialist group will also increase. At the same time, we will increase our RPP Benefit Maximum from $700 to $1,000[…]

New Disability Buy-Out Insurance Product Available

Principal Life Insurance Company introduces a NEW Disability Buy-Out (DBO) insurance policy in approved states effective February 1, 2016. It’s more competitive and offers additional price competitiveness and flexibility, while providing the same features and benefits as the previous policy. Cost-Effective Lower new issue rates for select ages, occupation classes and benefit factors. 6A occupation class –[…]