How Much Disability Income Do I Need?

Your chances of becoming disabled are far greater than your chances of dying. It may surprise you that one out of three individuals will suffer a disabilty that lasts at least 90 days.  One out of ten will be permanently disabled prior to age 65.

* Source: Group Benefits - Basic Concepts and Alternatives, Burton T Beane, Jr. American College, 1993

     
  Monthly Income (if disabled)

Input

  Spouse's after-tax income
  Investment income
  Group/Individual disability income
  Other monthly income
  Monthly Expenses

  Mortgage or rent
  Loan repayments
  Utilities
  Food
  Clothing
  Transportation
  Education/Tuition
  Medical/Personal Care
  Insurance premiums
  Other expenses
     
 

Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please not that individual situations can vary. Therefore, the information should be relied upon when coordianted with individual advice from qualified professionals.