Disability insurance proceeds are taxable:
- A) if the employee pays for the disability insurance
- B) Never
- C) Always
- D) If the employer pays for the disability insurance
Answer: D) If the employer pays for the disability insurance
A Blog for Insurance Related Information
Answer: D) If the employer pays for the disability insurance
a) A person’s suitcase was stolen and valuables were lost.
b) A person has contracted the flu and needs a prescription.
c) A person was in a car accident and cannot work for several months.
d) A person’s house was seriously damaged during a natural disaster.