Compass

Principal Increases IDI insurance issue and participation limits for medical and dental occupations (8/15/18)

 

Principal® is increasing the individual Disability Income (DI) insurance issue and participation (I&P) limits for medical and dental occupations.

What’s new

For 5A-M, 4A-M and 3A-M occupations between the ages of 18-55, use the following monthly I&P limits

:•Issue: $20,000

•Participation with other DI: $30,000

•Participation with group: $35,000

•Future Benefit Increase (FBI): $17,000

Plus, orthodontists are now classified as a 4A-M occupation class.

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.