Can A Corporation Pay For Disability Insurance?

1. 

   61667 POINTS

   view profile
   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   The business can pay for short or long term disability insurance in a employer sponsored group plan. But some corporations don't carry long term disability in their group plans, so they offer long term disability to their key executives as an extra retention benefit. They may be able to deduct the premiums, however if they do the benefits may be taxable.

   Answered on August 4, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.