Plic-sbd Insurance Claim On Bank Statement 2021
notation on a bank statement typically refers to a transaction involving Principal Life Insurance Company (PLIC) and its Specialty Benefits Division 1. Identity of the Entity : Stands for Principal Life Insurance Company
:Principal Life Insurance CompanyAttn: Group Life & Disability Claims Department711 High St.Des Moines, IA 50392-0002 Important Steps for "Unexpected" Charges
4. Do Not Spend the Money Immediately (If Unsure)
This article will break down exactly what this charge means, why it appears on your statement, the difference between a debit and a credit, and the specific steps you should take if you do not recognize the transaction. plic-sbd insurance claim on bank statement
Contact Principal Directly
: Use the Principal Help Center to inquire about active policies linked to your bank account.
Credit (Deposit)
| If this appears... | Your action | | :--- | :--- | | As a for a large amount | Verify with PLIC, then keep the money. This is a legitimate settlement. | | As a Credit (Deposit) for a tiny amount | Contact the bank immediately. Do not touch the funds. | | As a Debit (Withdrawal) for any amount | Check if you have an active PLIC-SBD policy. If not, file a fraud report within 24 hours. | notation on a bank statement typically refers to
This is counterintuitive.
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.
: Check your recent pay stubs or benefits portal to see if you have an active policy with Principal Financial Group Contact Principal Directly : If the charge is unrecognized, contact the SBD Claims department 800-255-6609 or via email at SBDClaims@principal.com Dispute Unauthorized Charges Contact Principal Directly : Use the Principal Help
Subject:
Explanation of “PLIC-SBD” Entry on Bank Statement
