Individual Disablity Insurance
OMNI Offers a Full Line of Disability Solutions…
Disability Income
- Replaces a portion of earned income lost due to a disability.
- Non-cancelable, guaranteed renewable to age 65 and conditionally renewable for life.
- Can be used to enhance an employee benefit package.
DI Retirement Security
- Innovative solution that helps clients continue to save for retirement in the event of a disability.
- Provides access to trust assets if a significant hardship occurs.
- Pays monthly benefits directly to an irrevocable trust; at the end of the benefit period, trust assets are paid to the insured as retirement income.
Key Person Replacement2
- Designed for small- to medium-size businesses that rely on the expertise and skills of key employees who are critical to the livelihood of the company.
- Provides benefits to businesses to help offset the loss of a key employee due to a total disability.
- Conditionally renewable to age 65 with guaranteed premiums.
Overhead Expense
- Designed for owners of small- to medium-size businesses whose personal service is key to the continued earning of business income; reimburses an owner for fixed business expenses incurred during a disability.
- Business Loan Protection rider, which helps cover business-related loan obligations in the event of a total disability.
- Non-cancelable, guaranteed renewable to age 65 and conditionally renewable for life.
Disability Buy-Out
- Designed for professionals and owners of small- to medium-size businesses who are full-time, active and key to the continuation of the business.
- Reimburses the purchase of a permanently disabled business owner’s interest under a buy-sell agreement.
- Conditionally renewable to age 65 with guaranteed premiums.
Principal Life Key Differentiators
- Provides excellent service and support to producers and their clients before, during and after the sale.
- Offers unparalleled focus and expertise in the small- to medium-size business market.
- Competitive compensation, including strong first year and renewal commissions and bonus programs.
Click here to Request an Individual Disablity Insurance Proposal.