The disability statistics on the average American are significant. The probability is high that you will experience 30 months of disability during your working lifetime. The average America has 90 days of emergency money. Is it worth it? Go through this basic paragraph below and see for yourself.
The first consideration is your health condition to qualify for disability insurance. The next step is to establish earned income. The third is determining the benefit limit for your compensation. Once you are pre-qualified in health, earnings and compensation cap, you should select which tax strategy you qualify for: you can insure up to 60% of your compensation tax free with nondeductible premiums or insure up to 80% of your compensation taxable with deductible premiums through a business benefit arrangement.
.JPG){kind=avatar}
The first consideration is your health condition to qualify for disability insurance. The next step is to establish earned income. The third is determining the benefit limit for your compensation. Once you are pre-qualified in health, earnings and compensation cap, you should select which tax strategy you qualify for: you can insure up to 60% of your compensation tax free with nondeductible premiums or insure up to 80% of your compensation taxable with deductible premiums through a business benefit arrangement.