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Disability Insurance Needs Calculator

5/16/2014

How much money would you bring in each month if you were disabled and could not work? Now, how much money do you pay for expenses each month? Do you have enough?

Take a moment to calculate how you would handle finances if you missed work for an extended period of time due to disability.

If you find yourself in the hole, don’t hesitate to contact Jacob at www.TuckerIns.com for a quick quote. You will be surprised at the cost once you figure out how much you “really” need.

MONTHLY INCOME

Benefit amount from current disability income policy $____________
Income from spouse $____________
Investment income $____________
Any other income $____________
Total Monthly Income Available $____________

MONTHLY EXPENSES

Mortgage or Rent $____________
Car Payments $____________
Utilities $____________
Food and Clothing $____________
Child Care Expenses $____________
Loans & Credit Card Payments $____________
Medical Expenses $____________
Insurance Premiums (Home, Auto, Life, Health) $____________
Savings, Investments, Retirement Contributions $ ____________
Other Expenses (Education, Entertainment, etc.) $____________
Total Monthly Expenses $____________

Analysis

Total Monthly Income Available: $_______________
Minus Total Monthly Expenses: $________________
Equals Need for Additional Monthly Income Due to Disability: $________________

Disability Income Insurance

5/7/2014

Disability Income Insurance provides money to replace earned income while disabled from sickness or an accident.

Ask us how to reduce your costs on a long-term disability policy by calling an agent today at Tucker Insurance.

734.697.5544

Important Facts To Consider

Almost one-third of Americans entering the work force today (3 in 10) will become disabled before they retire. *
Less than 10% of disabling accidents and illnesses are work-related. The other 90% are not, meaning workers’ compensation doesn’t cover them. **

Short-term Disability Insurance

Most companies provide their employees short-term disability insurance which pays up to six months. What do you do when that runs out? Use that benefit to lower your costs on a long-term disability policy.

*Source: Social Security Administration, Fact Sheet Jan. 2009.
**Source: Council for Disability Awareness, Long-Term Disability Claims Review, 2010.