Disability Insurance Calculator
There is always a chance that you may find yourself unable
to work for a period of time and our disability insurance
calculator will assist you in planning enough coverage for
a disability that is expected to last up to five years (60
months).
- Enter exact numbers by clicking on the number in the
box on the right and type your number (no commas).
- The results of your calculations show in the box in the
middle of the calculator.
Disability Information Disability
Expenses
Here you should enter all of the monthly expenses that would
need to be paid for the length of your disability by your
disability insurance.
Disability Duration
Enter the number of months, up to a total of 60, that you
expect to be disabled.
Employer Coverage Your employer
may offer some amount of disability coverage although you
might have to pay premiums for some or all of this coverage.
Monthly Coverage
Just enter the amount of monthly benefit paid by your employer's
disability insurance.
Length of Coverage
This is the number of months for which your employer's disability
insurance will provide coverage.
Elimination Period
If your insurance company requires you to wait a certain period
of time before they will begin making payments enter the number
of months here.
Personal Coverage A personal
disability plan can be a great idea even if you already have
coverage through your employer. Be sure to discuss your plans
with your employer and with your private carrier because there
are limits on disability insurance.
Monthly Coverage
This is the amount of monthly benefit paid by your personal
disability insurance.
Length of Coverage
You should enter the number of months your personal disability
insurance will provide coverage here.
Elimination Period
If your insurance company requires you to wait a certain period
of time before they will begin making payments enter the number
of months here.
Results Our results will change
based on the values that you enter and make it easy to see
if you will have a monthly shortage or excess during your
disability.
Graph The red areas on this
bar graph show any shortfalls in your insurance covering expenses
and the blue areas indicate your expense amounts that are
covered.
Click
Here to open the Disability Insurance Calculator |
