If you are the nominee of a policyholder who passed away, PLIC uses the SBD department to process the death benefit. The "Claim" code is standard operating procedure for their treasury department.
Go to the specific bank branch where your savings account is held.
There are three primary reasons this specific descriptor will appear in your transaction history: 1. Automated Premium Payments (Most Common) plic-sbd insurance claim on bank statement
Disclaimer: This information is for educational purposes based on common financial statement terminology and should not be considered financial or legal advice.
: Filing a claim against this policy typically occurs following a covered event, such as an injury, sickness, or pregnancy that prevents you from working. How to File a PLIC-SBD Claim If you are the nominee of a policyholder
: Principal Life Insurance Company (or Principal Financial Group).
If the insurer cannot assist you or confirms fraud, contact your bank's fraud department. Inform them of an . There are three primary reasons this specific descriptor
Based on bank statement reports, these transactions are usually associated with premium payments, dental insurance, or disability insurance payouts. Principal Life Insurance is a major financial services provider based in Des Moines, IA. Common Variations on Statements You might see the entry listed in several ways: Plic-sbd insurance claim
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