The Affiliation Discount1 allows you to offer quality individual Disability Income (DI) insurance with a 10% discount when individuals share these common affiliations:
- Families with at least three income earning adults that purchase DI coverage from Principal Life Insurance Company
- Three or more 1099 contractors from the same business entity/firm2
- Three or more franchise owners under the same nationally recognized franchisor who are actively working in the business2,3 (can also include one key employee)
- Spouses of employees (does not require three lives) who are part of a Principal Life multi-life case
1 Discount may not be available in all states Not available in California.
2 Not available to doctors (M.D., D.O.), physician’s assistants, psychiatrists, nurses (RN or LPN), nurse practitioners, CRNAs, nurse anesthetists, medical residents/students or other hospital/medical workers.
3 Not available to owners or a key employee of home-based or route sales franchises or investors.
|Franchise Owners||1099 Contractors||Spouses/Families|
||Any occupation that Principal Life currently offers coverage - except 1099 physicians|
- Talk to clients with adult children who work at least 30 hours per week about purchasing individual DI coverage for themselves and children.
- Reach out to existing multi-life cases to see if spouses are interested in individual DI with up to a 20% discount.4
- Approach employers about offering individual DI as an employee benefit. Discuss how you can offer the Multi-life Discount for employees and Affiliation Discount for 1099 contractors. Both options easily wrap around existing disability coverage. Premiums can be paid by the employer, the employee/1099 contractor or a combination of both.
- Reach out to local franchises with multiple locations owned by different people about income protection.
4 Discount includes a 10% Affiliation Discount and up to a 10% Mental/Nervous & Substance Abuse Disorder discount.
Key materials listed below.
Contractors DI email (DI9332)
This email encourages 1099 contractors to protect their income at a discount and points out some key features of the coverage.
Franchise owners client email (DI9333)
This email encourages franchise owners to protect their income at a discount and points out some key features of the coverage.
Spouse approach email (DI9334)
Email shows how spouses of people working for a company with our multi-life coverage can earn a 10% Affiliation Discount on DI insurance.
Affiliation discount for families consumer email (DI9424)
Send this email to clients or prospects with at least three working adults to talk to them about the need for income protection.
Contractors – Franchise owner flier (JJ2157C) - customizable
This flier outlines how 1099 contractors and franchise owners can be eligible for a 10% Affiliation Discount. View the PDF to customize and order.
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Spouse approach flier – customizable (JJ2158C)
Flier showcasing how spouses of people working for a company with our multi-life coverage can earn a 10% Affiliation Discount on DI insurance.Flier showcasing how spouses of people working for a company with our multi-life coverage can earn a 10% Affiliation Discount on DI insurance.
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Disability insurance from Principal® is issued by Principal Life Insurance Company, Des Moines, IA 50392. For producer information only. Not for use with consumers or the public.
DI9344-01 - 09/2018