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Long Term Disability Insurance is one of the most important insurances that everyone should have if they are receiving an income. The one question to ask yourself is "How would I pay my monthly bills if my income were to stop do to an injury or an accident?"
Long Term Disability usually begins after a 90 day waiting period. The best plans would pay benefits up to a person's normal retirement age. If coverage is desired for shorter periods then a short term disability policy could be added. Most group Disability policies would cover up to 60% of the individual's current salary up to a monthly maximum. If the employee pays the premiums the benefit when received would be tax free. If the employer pays the premium the benefit would be taxable as income.
For more information, please contact us today: [email protected]
For Individual Policies, click here.
Long Term Disability usually begins after a 90 day waiting period. The best plans would pay benefits up to a person's normal retirement age. If coverage is desired for shorter periods then a short term disability policy could be added. Most group Disability policies would cover up to 60% of the individual's current salary up to a monthly maximum. If the employee pays the premiums the benefit when received would be tax free. If the employer pays the premium the benefit would be taxable as income.
For more information, please contact us today: [email protected]
For Individual Policies, click here.