The Disability Insurance calculator helps you determine whether you have sufficient disability insurance to cover your needs should you not be able to work for a period of time. This calculator is intended to address short term disability, defined here as a disability that is expected to last up to five years (60 months).

• Enter exact numbers by clicking on the number in the box on the right and type your number (no commas).
• The results of your calculations show in the box in the middle of the calculator.

Disability Expenses

These are your monthly expenses that have to be paid by your disability insurance for the length of your disability.

Disability Duration

This is the number of months you expect to be disabled, up to a total of 60 months.

Some employers offer some amount of disability coverage. Depending on your employer, you might have to pay premiums for some or all of this coverage.

Monthly Coverage

This is the amount of monthly benefit paid by your employer's disability insurance.

Length of Coverage

This is the number of months for which your employer's disability insurance will provide coverage.

Elimination Period

Disability insurance often does not start paying until some months into the disability. The elimination period is the number of months that your disability insurance requires you to wait before the insurance company begins making payments.

Even if you have disability coverage through your employer, you might want to add more through a personal plan. There are maximum limits to disability insurance, so be sure to discuss your plans with your employer and with your private carrier.

Monthly Coverage

This is the amount of monthly benefit paid by your personal disability insurance.

Length of Coverage

This is the number of months for which your personal disability insurance will provide coverage.

Elimination Period

Disability insurance often does not start paying until some months into the disability. The elimination period is the number of months that your disability insurance requires you to wait before the insurance company begins making payments.

Results

Based on the information you’ve provided this will show month to month the surplus or shortfall that you will have during your disability.

Graph

This bar graph shows red for any shortfall in the insurance covering expenses. Blue indicates covered expense amounts.