Philomena previously worked for a large bank for a number of years, where she was a member of the group benefits plan. Recently, Philomena resigned from the bank in order to start her own consulting practice. Her husband, Greg, recently retired. As an independent consultant, one of Philomena’s biggest concerns is properly insuring herself. In particular, she is concerned about protecting her income in the event of a disability. When Philomena asks you about disability insurance (DI) protection, which of the following statements is CORRECT?

A Generally speaking, the premiums Philomena pays for her individual DI policy will be tax deductible.
b)		Generally speaking, any benefits Philomena receives from her individual DI policy will be taxable.
c)		For her individual DI policy, Philomena will typically be the payor and Greg will be the beneficiary.
d)		For her individual DI policy, Philomena will typically be the payor, the life insured, and the beneficiary.