Disability Insurance Calculator
Estimate your disability insurance needs and premium. Plan for income protection if you're unable to work due to illness or injury.
Group policies typically cost less per dollar of coverage
Est. Monthly Premium
$80
per month
Monthly Benefit
$4,000
Est. Annual Premium
$960
Replacement Rate
60%
Total Benefits Over Period
$480,000
Recommended Monthly Benefit
$4,000
Income Coverage
Frequently Asked Questions
Why do I need disability insurance?
About 1 in 4 workers will experience a disability lasting 90+ days before retirement age. Disability insurance replaces a portion of your income (typically 40-60%) if you can't work due to illness or injury. Your biggest asset is your earning potential — protecting it is as important as protecting your home or car.
What elimination period should I choose?
The elimination period is how long you wait before benefits begin, similar to a deductible. A 90-day elimination is most common and offers a good balance of premium cost vs. protection. Choose 30 or 60 days if you have limited emergency savings. Choose 180 days if you have a healthy emergency fund (6+ months) and want lower premiums.
Is employer-provided disability insurance enough?
Employer group disability usually only covers 50-60% of base salary (not bonuses), often capped, and benefits may be taxable if the employer pays premiums. Group policies may also have stricter definitions of disability. Consider supplementing with an individual policy to fill the gap, especially if you have a high income or specialized occupation.
This calculator provides educational estimates. Actual premiums vary by age, health, occupation class, and insurer. Source: Insurance industry average rates.