stands for Principal Life Insurance Company - Small Business Administration (or Small Business Division) .
If you independently purchased a life insurance policy, an individual disability policy, or an annuity from Principal Financial Group, you likely set up recurring monthly payments. These automated drafts routinely generate the PLIC-SBD descriptor. 3. Account Errors or Fraud
Most commonly, this line item represents a premium payment for a group insurance policy or a voluntary supplemental benefit plan. Why is PLIC-SBD Charging Your Account?
If you have authorized automatic payments from your checking or savings account, these deductions will appear with this label. How to Handle a PLIC-SBD Charge plic-sbd insurance claim on bank statement
: Replaces lost income during short or long-term illnesses.
Audit your bank statements closely over the next three to six months to ensure no mutated variations of the billing code bypass your bank's filters. Share public link
Search your inbox for "Principal Life Insurance" or "SBD claim" to find policy documents or payment confirmations. stands for Principal Life Insurance Company - Small
These charges appear when you sign up for supplementary workplace benefits.
If you don't recognize the charge or need to manage a claim, take these steps:
If you are unsure of the origin of the charge, take the following steps to confirm its legitimacy: If you have authorized automatic payments from your
Reach out to the customer service division of Protective Life Insurance Company. Provide them with the exact date, transaction ID, and dollar amount showing on your bank statement so their billing department can trace the policy generating the charge.
Disclaimer: This article is for informational purposes only. I am an AI, not a financial advisor or a representative of Manulife or Philippine Life. For specific legal or financial advice regarding your funds, please consult a certified accountant or contact the insurance provider directly.