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This Disability Insurance Calculator from MetLife is designed to provide information to help you understand the effects of a disability on your lifestyle and income, and to help you begin to estimate your income protection needs. This estimate does not represent an offer of coverage or guarantee eligibility. For further details, please contact a MetLife Representative. |
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STEP 1: Your essential monthly expenses |
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| Expenses |
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| Monthly housing | $ | ||
| Utilities | $ | ||
| Food | $ | ||
| Transportation | $ | ||
| Education | $ | ||
| Health care | $ | ||
| Debt Payments | $ | ||
| Other | $ | ||
| Total essential monthly expenses | $ | ||
STEP 2: Your current income and benefits from existing Disability insurance policies |
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| Income |
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| Annual salary | $ | ||
| Additional annual compensation (e.g., bonus or commission) | $ | ||
| Total gross annual income | $ | ||
| Estimated after-tax monthly income including additional annual compensation (assuming a 28% tax rate)
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$ | ||
| Benefits From Existing Disability Insurance Policies |
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| Do you have Group Long-Term Disability coverage through your employer? | |||
| Monthly after-tax benefit from Group LTD coverage Assumes that your Group LTD coverage is employer-paid, that benefits are taxable at 28%, and benefits are 60% of base salary |
$ | ||
| Do you have any individual disability income insurance policies? If so, how much is the monthly benefit? |
$ | ||
| Estimated total monthly after-tax benefits from existing Disability Income coverage (Group LTD and individual policies) Assumes that you are paying for any individual disability income insurance with after-tax dollars and that the benefits would not be taxable |
$ | ||
STEP 3: Your income protection needs analysis
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| Estimated total monthly after-tax benefits from existing Disability Income coverage (Group LTD and individual policies) | $ | ||
| Total essential monthly expenses | $ | ||
| Essential monthly expenses NOT covered | $ | ||
http://www.metlifeiseasier.com/disabilitycalculator/