, which manages products like group life insurance, accidental death and dismemberment (AD&D), and disability coverage. Transaction Type Premium Payment
: Stands for Principal Life Insurance Company , a major subsidiary of Principal Financial Group . plic-sbd insurance claim on bank statement
entry on your bank statement typically refers to a premium payment or claim-related transaction from Principal Life Insurance Company (PLIC) , often associated with their Specialty Benefits Division (SBD) Understanding PLIC-SBD Principal Life Insurance Company , which manages products like group life insurance,
), it likely represents a payout from a claim you filed, such as a short-term disability or life insurance benefit. Common Triggers for This Charge Workplace Benefits accidental death and dismemberment (AD&D)