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