Principal Financial Group

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  Disability Income Policies

Individual Disability Income

Non-Cancellable and Guaranteed Renewable
     The policy cannot be cancelled, nor can the premiums be increased until age 65. 
     Beyond age 65, the policy is conditionally renewable for life.

Choice of Benefit Periods and Elimination Periods
     Choice of Two Years,  Five Years, or to Age 65 Benefit Periods
     Choice of 30, 60, 90, 180, 365 day Elimination Periods

Definition of Disability

The base policy provides "Your Occupation" protection for the first Two years.
This may be extended to Five years or To Age 65.

During the "Your Occupation" period you must be unable to perform the substantial and material duties of Your Occupation   AND   you are not gainfully employed in any other occupation.

After the "Your Occupation" period you must be unable to work in any occupation you are reasonably suited to by your education, training and experience.

Class 5A    Select Occupations        Regular Occupation is available by rider.

This rider provides that if you become totally disabled and cannot work in Your Occupation, you will collect full benefits even if you choose to work in another occupation, regardless of how much you actually earn.
    

Other Optional Riders Available
     Residual Disability   
      COLA
     Automatic Increase Option
     Benefit Update
     Social Security Substitute     

Disability Overhead Expense

Non-Cancellable and Guaranteed Renewable
     The policy cannot be cancelled, nor can the premiums be increased until age 65. 
     Beyond age 65, the policy is conditionally renewable for life.

Choice of Benefit Periods and Elimination Periods
     Choice of 12, 18, or 24 Month Benefit Periods
     Choice of 30, 60, 90 day Elimination Periods

Optional Riders Available
    Future Insurability
     Substitute Salary

Disability Buy-Out 

Policy can only be cancelled:
    Upon your Age 65 policy anniversary.
    The date the Maximum Aggregate  Benefit is paid out.
    For non-payment of policy premiums.
    Upon your written request to terminate the policy.

 Choice of Elimination Periods
    365 days, 540 days, 730 days

Choice of Benefit Periods
Lump Sum, Monthly Installment, or Combination of both.

Issue Ages
     18 - 57

Issue and Participation
      $125,000 to $2,000,000

Financial Justification Requirements
     Profit and Loss Statement
     Past two years business Federal Income Tax returns
     Current Balance Sheet

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