Disability Insurance Calculator: Protect Your Income
Disability insurance replaces a portion of your income if you become unable to work due to illness or injury. Most financial advisors recommend coverage that replaces 60-70% of your pre-tax income, as disability benefits are typically tax-free when you pay the premiums yourself.
This calculator estimates your recommended monthly benefit (60% of gross income) and approximate premium based on your age. Younger applicants pay less because they are statistically less likely to file a claim. Premiums also vary by occupation — office workers pay less than construction workers.
Long-term disability insurance is one of the most overlooked protections. Statistics show that 1 in 4 workers will experience a disability lasting 90+ days before retirement. Without coverage, a serious illness or injury could devastate your finances, even if you have health insurance.
For comprehensive financial protection, also check our life insurance calculator and emergency fund calculator.