Disability Insurance Bonus Income

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Disability Insurance: Bonus Income Income and participation limits for disability insurance are based on your income. For group insurance policies, this income typically relates to your base salary and does not cover any bonus income. As such, group insurance policies may cover significantly less than you had anticipated. For example, I was working with a client of mine this week …

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Supplementing Your Group Disability Insurance Policy

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Supplementing Your Group Disability Insurance When was the last time you sat down to carefully review your employee benefit handbook? A lot of people have the misconception that the benefits they receive from their employer are adequately going to cover their disability insurance needs. If you are a full time employee and work for an employer who offers group benefits, …

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Disability Insurance Tax Planning Tips

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Tax Planning Tips: Disability Insurance The income you receive from disability income insurance may or may not be taxable. The taxability of disability income insurance benefits depends on what type of benefits you receive, whether the premiums were paid with pretax or after-tax dollars, and who paid the premiums (you or your employer). Individual disability income insurance The rules surrounding …

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Supplemental Disability Insurance

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When was the last time you sat down to review your employee benefit handbook? A lot of people have the misconception that the benefits they receive from their employer are enough.   If you are a full time employee and work for an employer who offers group benefits, chances are you have group disability insurance benefits. Group benefits typically cover …

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