If you see a positive balance or deposit under this name, it means an insurance claim was approved and paid out.
: Statutory Benefit Division, Statutory Disability, or Salary Business Deduction. It frequently refers to state-mandated disability insurance programs managed by Principal Life. Common Reasons for the PLIC-SBD Code plic-sbd insurance claim on bank statement
There are a few primary reasons a PLIC-SBD transaction might appear, according to Principal Financial and related claim document resources : 1. Insurance Premiums If you see a positive balance or deposit
Cross-reference the exact dollar amount of the PLIC-SBD charge with: plic-sbd insurance claim on bank statement