Principal Selects Claremont as General Agency Partner

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We are thrilled to add Principal to our carrier portfolio, offering employer-paid and voluntary coverage for dental, disability, life, vision, critical illness and accident insurance. Principal offers flexible benefit designs to customize a plan for every client, and groups that add 3 or more lines of coverage can take advantage of the 5% bundled discount.

Principal Benefits

Dental

• Point of Service (POS) Plans: unique plans give members the freedom to choose any dentist and benefits pay at the highest contracted rate – EPO, PPO or non-network. The EPO network is a subset of Principal’s expansive PPO network.
• Excellent nationwide network that includes more than 49,000 providers in California, 15,000 of which are in the cost-effective EPO network.
• Pooled first-year renewals for groups under 100 members.
• No benefit waiting periods for major services or orthodontia, even for groups with no prior coverage.
• Standalone coverage is available for groups with 3+ employees. Qualifies for the 5% bundled discount.

Disability

• Generous definition of disability qualification means employees who are not totally disabled may still qualify for benefits from day one.
• Small business owners are covered not just with salary but also net income/profits – great benefit for start-ups.
• Employee assistance is provided to ensure disabled employees get the help needed to return to work.
• Standalone coverage is available for groups with 5+ employees. Qualifies for the 5% bundled discount.

Vision

• VSP Choice provider network.
• Materials-only benefit designs are available (no exams, just glasses and contacts).
• One bill for all Principal lines of coverage.
• Standalone coverage is available for groups with 5+ employees. Qualifies for the 5% bundled discount.

Basic Life/AD&D

• Multiples of salary or flat amounts.
• Ability to offer different levels of coverage by employee class.
• Start-ups enjoy expanded definition of owner compensation.

Critical Illness

• Covers most common serious illnesses: cancer, heart attack, stroke, major organ failure, and coronary artery bypass graft.
• When an employee or family member is diagnosed, they receive a lump-sum, tax-free cash benefit to use as they wish.

Accident Insurance

• Pays up-front benefit based on covered injuries received because of an accident; not dependent on treatment.
• Covers burns, comas, concussions, dental or eye injuries, dislocations, fractures, internal injuries, and disc/knee cartilage/tendon/ligament/rotator cuff injuries.
• Options include adding dependent coverage. Popular with families.

Read the press release to learn more.

Get your competitive Principal quote today. Ask about our new Ancillary Plans quote, featuring popular plans in a simple-to-read format, for a quick market scan or easy new group sale.

Questions?
Contact our small group experts at 800.696.4543 or info@claremontcompanies.com.