Disability Income Insurance

Principal's Disability Income Insurance provides clients with Commission-Free protection from the unexpected.

The Market¹

As of 2020, the size of the Disability Insurance industry is estimated at nearly $20B, with a projected growth of only 0.5% this year. Individuals typically access disability insurance through their employer-sponsored plans, but in light of 2020's economic contraction, fewer employees results in fewer disability insurance plans being purchased. As the economy stabilizes and more individuals return to the workforce, the growth rate can begin tracking at its YOY average of 0.9% (2015-2020).

Why DPL Likes Disability Income Insurance

Your clients protect their homes and vehicles while often overlooking their most valuable asset - their ability to earn income. While many clients have emergency savings, not being able to work for several months, a year, or longer could completely exhaust those funds. Disability Income Insurance works much like an emergency fund in the event of the unexpected - if your client is too sick or hurt to work, they receive a monthly benefit, similar to a paycheck. These benefits help clients continue to pay the bills so they can focus on taking care of themselves.

Through Principal, individuals can access disability insurance if their employer does not offer a disability insurance option, provided they're working at least 30 hours / week. Principal also offers multiple riders on their disability insurance product, allowing for customization to better fit an individual's needs.

How to Think About Commission-Free Disability Income Insurance

When your client needs:

INCOME REPLACEMENT: A client's ability to earn income is their most important asset. With 1 in 4 of today's 20-year-olds predicted to become disabled before they retire², Disability Income Insurance can provide income replacement in the event they're not able to work due to illness or injury.