Can Anyone Buy Disability Insurance?

  1. 0 POINTS
    Contact Me
    David RacichPRO
    Fountain Hills, Arizona
    Some employer sponsored group plans offer short term disability insurance. If your employer doesn’t offer this, then you can purchase short or long term insurance, providing that you can qualify. Disability insurance costs are based on your health, your activities and your compensation. Personal information is part of the pricing process like your gender, age, health history, current medical condition, smoking status, etc. Your activities like recreation, vocation, motor vehicle violations, etc. Up to 60% of your compensation can generally be protected with tax benefits. Up to 80% of your compensation, if you can legitimately deduct the premiums as a business expense, but then the benefits are taxable. You may pay 3 to 5% of your compensation for disability insurance.
     
    Answered on July 3, 2013
    +0
    1 Thumb up 0
    +1 this answer
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>