Disability Insurance Calculator
Coverage Need
Premium Estimate
Formula
Premium ≈ Monthly Benefit × Base Rate × Age Factor × Elimination Discount × Period Factor × Occupation Factor
Frequently Asked Questions
What is disability insurance?
Disability insurance replaces a portion of your income if you become unable to work due to illness or injury. It typically covers 60-70% of your gross income.
What is an elimination period?
The elimination period is the waiting time between when a disability occurs and when benefits begin. Common periods are 30, 60, 90, or 180 days. Longer elimination periods mean lower premiums.
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