This worksheet will help you determine the amount of monthly disability income insurance you need to adequately replace your income. Your income provides for your family's needs (food, clothing, shelter) and wants (children's education, vacations, retirement savings). Since disability benefits are usually free of federal income tax, your total disability benefits should equal about 60% of your earned income.
To determine how much coverage you need, fill in each field, using the Tab key or mouse to move the cursor from field to field. Click the Subtotal button to automatically populate certain fields. When all fields are filled in, click the Calculate button.
In most situations, the amount of disability insurance you need is typically 60% of your net monthly income. If your net monthly income exceeds $13,333, please call a Plan Specialist at 866-607-5338 for assistance.