Hello All -
Just wanted to check and make sure my insurance agent is telling me the correct info. I bought two disability insurance policies on myself, one from Ameritas and one from Principal. The Ameritas policy clearly has own occupation language (...if you are a doctor in a recognized specialty... etc), but the Principal policy doesn't have that. I do have the "Regular Occupation" rider with Principal, but even then it is quite broad and just says "your occupation" at the time of disability and nothing specific about medical specialty ("Your occupation"..."means the profession or occupation, not a specific job, you were actively working in"). My agent says that is just how Principal "does it" and that they don't have a more specific rider for medical specialists. Does anyone else have DI with Principal, and if so, does your policy read the same way? Just want to make sure I've got the right stuff.
Just wanted to check and make sure my insurance agent is telling me the correct info. I bought two disability insurance policies on myself, one from Ameritas and one from Principal. The Ameritas policy clearly has own occupation language (...if you are a doctor in a recognized specialty... etc), but the Principal policy doesn't have that. I do have the "Regular Occupation" rider with Principal, but even then it is quite broad and just says "your occupation" at the time of disability and nothing specific about medical specialty ("Your occupation"..."means the profession or occupation, not a specific job, you were actively working in"). My agent says that is just how Principal "does it" and that they don't have a more specific rider for medical specialists. Does anyone else have DI with Principal, and if so, does your policy read the same way? Just want to make sure I've got the right stuff.
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