Is Disability Buyout Insurance Taxable?

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   Brandon Roberts

   Owner, The Insurance Pro Blog,

   This depends on how the premiums were taken care of.  If the premiums were deducted as a business expense, than the benefits paid by the policy would normally be taxable.
   
   If the premiums were not deducted as an expense than they generally will not be taxable.       
    

   Answered on August 23, 2013

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