How does a Modified Own-Occupation Compare to Traditional Own-Occupation?

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In this video, we explain one of the definitions of disability, often found in group contracts at work.

Often, physicians and other medical professionals are automatically given these contracts for free through the employer OR they buy these plans; either because they want to supplement the free one or there isn't a free one. **We discuss ways this can be very problematic for you if you go on claim.**

**We are not tax advisors - typical rules in regards to disability plans is listed below:**

If you are given a free group disability insurance policy at work, it is typically taxable upon receipt since you never paid for it.

If you buy a plan with after-tax dollars, typically this means that the benefits are tax-free upon receipt. No double taxation on your disability income benefits.