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 – 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
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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