Disability Insurance Calculator
Calculate how much disability coverage you need to protect your income
$
$
Essential bills and costs
Savings to cover expenses
$
Monthly benefit from employer/other
Recommended Monthly Benefit
$4,300.00
Additional coverage needed
Total Monthly Need
$4,225.00
65% of income
Coverage Analysis
Target Coverage (65% of income)$4,225.00
Existing Coverage$0.00
Coverage Gap$4,225.00
Annual Income
$78,000.00
At risk if disabled
Emergency Runway
3 months
$15,000.00 saved
Monthly Shortfall
$5,000.00
Without additional coverage
Estimated Monthly Premiums
| Benefit Amount | Age 30 | Age 40 | Age 50 |
|---|---|---|---|
| $3,000.00/mo | $45 | $75 | $120 |
| $4,000.00/mo | $60 | $100 | $160 |
| $5,000.00/mo | $75 | $125 | $200 |
| $6,000.00/mo | $90 | $150 | $240 |
*Estimates for own-occupation policy to age 65. Actual rates vary by health, occupation, and policy features.
Types of Disability Insurance
Short-Term Disability (STD)
- Covers 3-6 months typically
- Usually 60-70% of income
- Often provided by employers
- Shorter elimination period (7-14 days)
Long-Term Disability (LTD)
- Covers until age 65 or recovery
- Usually 50-60% of income
- Longer elimination period (90+ days)
- More critical for income protection
Key Policy Features
- Own-Occupation vs Any-Occupation: Own-occupation pays if you can't do your specific job. More expensive but provides better protection.
- Elimination Period: Waiting period before benefits start (30-180 days). Longer periods = lower premiums.
- Benefit Period: How long benefits are paid (2 years, 5 years, to age 65).
- Non-Cancelable: Premiums can't increase and policy can't be canceled as long as you pay.
Did You Know?
- 1 in 4 workers will experience a disability before retirement age
- Most disabilities are caused by illness, not accidents
- Social Security disability is hard to qualify for and pays limited benefits
- Disability insurance premiums are typically 1-3% of income