Re: Life and Disability Insurance
I'm self employed and my CPA told me NOT to deduct the premium on my DI policy when I took it out, even though I could. The simple reason is what Ferco mentions, if you use after tax dollars the payments are not subject to income tax if you ever collect.
I plan on keeping my DI policy in effect up to the day I retire.
At the risk of getting pelted, I'm in the VUL camp. I have it included in my financial & estate plan for many reasons that I won't get into.
"Watch your topknot"