To better understand your need for disability insurance coverage, it helps to see exactly what you are protecting and why. The first two calculators give you different views of how important you paycheck is in creating and maintaining your lifestyle—now and into the future. The third gives you an objective view of you odds of suffering a disabling illness or injury.
This simple worksheet lets you assess the income needed to sustain your current standard of living should you become disabled and unable to work. This should not be viewed as a comprehensive assessment. For more information, talk to your human resources administrator or a qualified insurance professional.
Enter only numbers, no commas or dollar signs.
* If you become disabled, you can generally maintain your group health insurance coverage, but your employer may no longer contribute toward the premium. Ask your human resources department what the full cost of your health insurance premium would be if you become disabled.
There are probably many more than a million reasons why you need disability insurance. And they all lie in one number: the money you'll make over the course of your career. Curious to know how much you'll make? Plug a few values into LIFE's Lifetime Earnings Calculator below. The results may surprise you. This calculator is also intended to show you how much money you stand to lose if you become sick or hurt and can't work. Make sure your ability to earn an income is protected with disability insurance.