[et_pb_section fb_built=”1″ make_equal=”on” specialty=”on” padding_top_2=”20px” padding_right_1=”50px” padding_top_bottom_link_1=”false” padding_top_bottom_link_2=”false” padding_left_right_link_1=”false” padding_left_right_link_2=”false” custom_css_main_1=”border-right:1px solid #eeeeee;” _builder_version=”4.16″ inner_width=”90%” inner_max_width=”none” inner_module_alignment=”right” custom_padding=”60px||||false|false” top_divider_color=”#3390ff” top_divider_flip=”vertical|horizontal” top_divider_arrangement=”above_content” global_colors_info=”{}”][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.16″ custom_padding=”20px||||false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_button button_url=”\/disability-insurance-101″ button_text=”Disability Insurance 101″ module_class=”button_icon_right” _builder_version=”4.16″ custom_button=”on” button_border_width=”0px” button_letter_spacing=”0px” custom_padding=”0em|0em|0em|0em|false|false” global_colors_info=”{}”][\/et_pb_button][et_pb_text _builder_version=”4.16″ _dynamic_attributes=”content” header_font_size=”38px” custom_margin=”||||false|false” custom_padding=”||||false|false” locked=”off” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}”]<\/p>\n
There is no one-size-fits-all answer for how much disability insurance a person needs. That\u2019s because that number is dependent on many personal factors.<\/p>\n
That said, an easy way to get an idea of how much disability insurance you would need is to do this calculation:<\/p>\n
[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner _builder_version=”4.16″ background_color=”#f8f7f4″ custom_margin=”||3.75%||false|false” custom_padding=”3.75%|40px|3.75%|40px|false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ text_font=”Montserrat|700|||||||” text_text_color=”#00c67f” text_font_size=”19px” header_3_font_size=”19px” custom_margin=”||||false|false” custom_padding=”||10px||false|false” locked=”off” global_colors_info=”{}”]1<\/span>[\/et_pb_text][et_pb_text _builder_version=”4.16″ background_color=”#f8f7f4″ custom_padding=”||||false|false” global_colors_info=”{}”]<\/p>\n Add up all your monthly living expenses.<\/strong><\/p>\n Keep in mind that some expenses may go down if you can\u2019t work. These can include expenses for commuting, a professional wardrobe and meals out. Important expenses to include in this total are: \u00a0<\/p>\n [\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner _builder_version=”4.16″ background_color=”#f8f7f4″ custom_margin=”3.75%||3.75%||false|false” custom_padding=”3.75%|40px|3.75%|40px|false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ text_font=”Montserrat|700|||||||” text_text_color=”#00c67f” text_font_size=”19px” header_3_font_size=”19px” custom_margin=”||||false|false” custom_padding=”||10px||false|false” locked=”off” global_colors_info=”{}”]2<\/span>[\/et_pb_text][et_pb_text _builder_version=”4.16″ background_color=”#f8f7f4″ custom_padding=”||||false|false” global_colors_info=”{}”]<\/p>\n Add up how much income you can expect to continue receiving<\/strong>.<\/p>\n This includes income from any existing disability insurance policies. Also add in income from other sources like savings and investments.<\/p>\n [\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner _builder_version=”4.16″ background_color=”#f8f7f4″ custom_margin=”3.75%||3.75%||false|false” custom_padding=”3.75%|40px|3.75%|40px|false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ text_font=”Montserrat|700|||||||” text_text_color=”#00c67f” text_font_size=”19px” header_3_font_size=”19px” custom_margin=”||||false|false” custom_padding=”||10px||false|false” locked=”off” global_colors_info=”{}”]3<\/span>[\/et_pb_text][et_pb_text _builder_version=”4.16″ background_color=”#f8f7f4″ custom_padding=”||||false|false” global_colors_info=”{}”]<\/p>\n Subtract the second figure from the first figure.<\/strong><\/p>\n The difference is the amount of disability insurance you should consider getting.<\/p>\n [\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ global_colors_info=”{}”]<\/p>\n Another way to figure out how much disability insurance you\u2019d need is to use our disability insurance calculator below. It walks you through the entire process described above to help give you a good estimate.<\/p>\n [\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner module_id=”calculator” _builder_version=”4.16″ width=”100%” custom_margin=”||||false|false” custom_padding=”||||false|false” locked=”off” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ background_color=”#00c67f” custom_padding=”60px|40px|60px|40px|false|false” animation_direction=”left” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ header_2_font=”|300|||||||” header_2_text_color=”#3390ff” header_2_font_size=”36px” header_3_text_color=”#ffffff” background_layout=”dark” custom_margin=”||||false|false” custom_padding=”||||false|false” saved_tabs=”all” locked=”off” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ header_2_font_size=”34px” header_3_letter_spacing=”1px” background_layout=”dark” custom_margin=”||0px||false|false” custom_padding=”||||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ background_layout=”dark” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n This simple tool estimates the income you would need to maintain your current standard of living should you become disabled and unable to work.<\/p>\n This should not be viewed as a comprehensive assessment. For more information and a complete assessment, contact a financial professional.<\/p>\n [\/et_pb_text][et_pb_button button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjExMzc3In19@” button_text=”Get started” module_class=”button_icon_right” _builder_version=”4.16″ _dynamic_attributes=”button_url” custom_button=”on” button_bg_color=”#ffd92f” button_border_width=”0px” background_layout=”dark” custom_margin=”50px||||false|false” custom_padding=”0.5em|2.5em|0.5em|1.5em|false|false” locked=”off” global_colors_info=”{}” button_bg_color__hover_enabled=”on|hover” button_letter_spacing__hover=”1px” button_bg_color__hover=”#ffd92f”][\/et_pb_button][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ global_colors_info=”{}”]<\/p>\n Keep in mind that doing your own calculation or using a disability insurance calculator are only meant to give you a general idea of how much disability insurance income you would need if you became injured or ill. To get a more precise idea, it\u2019s a good idea to talk to an expert.<\/p>\n\n
Calculator<\/h4>\n
Disability Insurance Needs Calculator<\/h2>\n