: Reach out to their claims or customer service department directly to identify the specific policy: Phone : 800-245-1522 (Disability/Life claims). Email : SBDClaims@principal.com.
: Provide the exact date of the transaction, the precise dollar amount, and how the text appears on your statement. Never give your full online banking password or PIN over the phone. Step 2: Dispute the Charge with Your Bank
This public link is valid for 7 days and shares a thread, including any personal information you added. This link or copies made by others cannot be deleted. If you share with third parties, their policies apply. Can’t copy the link right now. Try again later.
:Principal Life Insurance CompanyAttn: Group Life & Disability Claims Department711 High St.Des Moines, IA 50392-0002 Important Steps for "Unexpected" Charges plic-sbd insurance claim on bank statement
Situation: Maria saw a credit of $75,000 labeled "PLIC-SBD INSURANCE CLAIM." She panicked, thinking it was a fraudulent deposit. Outcome: Her late husband had a Pramerica term policy. She had filed a claim 4 weeks prior but forgot the company's settlement name. The money was legitimate.
Check your bank statements from previous months. If the charge occurs on the exact same day every month for the identical amount, it is a recurring insurance premium. Steps to Handle Unrecognized Charges
If the transaction is a deposit rather than a withdrawal, the "PLIC-SBD Insurance Claim" tag indicates that an insurance claim you filed has been approved and paid out. : Reach out to their claims or customer
If you don't recognize the charge after checking these steps, contact your bank immediately to dispute the transaction as it could be an unauthorized debit. customer service number
This transaction is generally good news. It typically signifies the successful settlement of an insurance claim. Below, we break down what this code means, why you received it, and what steps you should take.
Why would a "claim" result in a deduction? In banking and insurance jargon, a "claim" can also refer to an adjustment or recovery related to a policy. Never give your full online banking password or
He grabbed his phone to call the bank and dispute the charge, but he paused. He remembered a tip from his accountant: “Always investigate before you dispute. A dispute can close a whole account and ruin your automated payments.”
: This is usually a recurring payment for a policy such as group life, disability, dental, or vision insurance.
A entry on your bank statement typically signifies a transaction related to the Principal Life Insurance Company (PLIC) , often specifically for Short-Term Disability (SBD) or life insurance benefits . This entry may appear as either a premium deduction or a claim settlement deposit depending on your recent activity with the insurer. What is PLIC-SBD? The acronym is generally broken down as follows: