How much disability insurance do you need to protect your paycheck?

Can you afford to lose your paycheck? Because we don't know what life may throw at us, use this worksheet to help you determine the income needed to maintain your current standard of living if you become disabled and unable to work.

Monthly Income Available

    
Income from current group disability coverage $   
Income from individual disability coverage $  
Income from spouse or other family member $   
Monthly investment income $   
Total Monthly Recurring Income Available   $ 
     

Monthly Expenses

    
Mortgage (including property tax) or rent $   
Homeowners/renters insurance $   
Car payments and/or car insurance $   
Utilities (electricity, gas, water, garbage) $   
Food, clothing, personal hygiene and pet care $   
Child care / day care $   
Medical expenses (incl. costs due to disability) $   
Life, health insurance $   
Monthly investments $   
Maintenance costs for the home $   
Other (education, phone, tv, internet, etc.) $   
Total Monthly Recurring Expenses   $ 
     

Additional Income Replacement Needed

   $