Insurance & Planning
Disability Insurance Need
How much monthly coverage it takes to keep the lights on if you cannot work.
Your numbers
Monthly coverage gap
$1,450
- Group benefit after tax
- $1,950
- Income you would still have
- $3,750
- Savings would cover the gap for
- 13.8 months
- Annual cost of the gap
- $17,400
Benefits you pay for yourself with after-tax dollars come to you tax free. Benefits your employer pays for are taxable, which is why the same policy stretches further when you buy it.
Disability Insurance Need explained simply
If you got hurt and could not work for a year, would the bills still get paid? This figures out how much of your monthly budget would be left uncovered.
For example
$5,200 of monthly bills, a spouse bringing in $1,800, and a group policy paying $2,500 before tax leaves a gap of roughly $1,450 a month.
Words on this page
Want a second set of eyes on these numbers?
These calculators are estimates for planning purposes and don't account for every detail of your situation. Bring your results to us and we'll pressure-test them against your actual tax picture.
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