Disability Insurance

14
Dec

Taxability of Disability Insurance Benefits: An Overview

Disability insurance replaces up to 60% of the policyholder’s pre-injury gross income. In exchange, the policyholder pays monthly premiums during the policy period. The amount of premiums paid depends on factors such as age, gender, income, health history, and the amount and type of coverage. In case of a disability, the policyholder will receive disability benefits in the form of

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