Disability Insurance Calculator – Estimate Your Coverage and Monthly Benefits
Find out how much disability insurance you need to secure your income if you can't work.
Use this free calculator to estimate your monthly benefit, coverage needs, and potential shortfall in case of disability. Quickly see how much coverage protects your lifestyle and financial goals. This disability insurance estimator helps you understand your income protection needs and calculate long-term disability payouts.
Disability insurance is a type of insurance that provides income replacement if you're unable to work due to illness or injury. It typically covers 60-80% of your pre-disability income and can be short-term (up to 6 months) or long-term (until retirement age). This disability income calculator helps you estimate your needs and understand potential long-term disability payouts.
The general rule is to aim for 60-80% income replacement through disability insurance. Start by calculating your essential monthly expenses, then consider how much income you need to maintain your lifestyle. Our disability benefit calculator factors in your existing coverage, desired replacement rate, and coverage duration to provide personalized recommendations.
Short-term disability insurance typically covers 3-6 months of disability, starting within 1-14 days of disability. Long-term disability insurance begins after an elimination period (30-180 days) and can continue for years or until retirement. Use our disability insurance estimator to compare both options and find the best coverage for your needs.
The elimination period is the waiting time before benefits begin. Longer elimination periods (90-180 days) result in lower premiums, while shorter periods (30 days) cost more. Consider your emergency savings when choosing an elimination period. Our income protection tool helps you understand these trade-offs and make informed decisions.