What Does Disability Insurance Do For You?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaDisability insurance is paycheck protection during times of prolonged illness or injury when you can't work. The benenfits of dsiability insurance can generate up to 60% of your income tax free or 80% of your income taxable, if your can legally deduct it as a business expense item.Answered on July 15, 2013+01+1 this answer
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2180 POINTSview profileKelly MoserSocial Media Strategist, Disability Insurance Services, CaliforniaDisability insurance, also referred to as paycheck protection, pays a monthly benefit to the insured should he or she become disabled to an illness or injury. The monthly benefit is typically 60-65% of one's income. The average US worker only has 3 months worth of cash reserves, so disability insurance would help offset the costs brought on by a long-term disability.Answered on November 19, 2013flag this answer
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