That's definitely something to consider. If we had to pay tax on a LTD policy, it might not even be worth it, if you're in a high tax bracket. If you are only going to receive 60% of it after taxes, why pay the premiums? But I read the same thing about taxes on the policy you pay for, none at this point.

Good luck to you, Mayday. I hope everything works out the way you want it to.