How Much Does Long Term Disability Insurance Pay?
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One response to “How Much Does Long Term Disability Insurance Pay?”
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Assuming the long term disability insurance covers your full compensation and the benefit pays until age 65, the following is a general understanding of the benefit amount. If the disability insurance is not deducted as a business expense, you will receive 60% of your compensation tax free. If the disability insurance is deducted as a business expense, you will receive 80% of your compensation taxable.
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