View Our Customer Relationship Summary
Skip to main content

Aslan Wealth Partners

Printed from: www.aslanwealthpartners.com

Disability Income Insurance

How Much Do You Need?

If you were to become disabled due to an illness or injury, how would your cash flow be affected? Would you have enough income to meet monthly expenses? This calculator can help you estimate your need for income protection in the event you become disabled.

 

Based on the information you provided, the amount of income shortfall you might experience during a long-term disability is shown below.

Skip Table Information
Your Results
Description Amount
Your current monthly expenses: $0
Additional monthly expenses if you were disabled: $0
Your estimated total monthly expenses: $0
Your estimated monthly income during an extended disability: $0
Monthly funds available from other/retirement assets: $0
Your estimated additional monthly income needed: $0
The percentage of estimated total monthly expenses that you would need to replace in the event of a long-term disability: 0%

Long-term disability (LTD) benefits are taxable when the employer pays the premiums, reducing an already limited benefit. In addition, employer provided LTD, even if employee paid, may not be portable. Disability income insurance coverage is generally limited to 60 percent to 70 percent of salary and typically has a monthly cap. Income may not be fully covered due to the cap. Bonuses are not counted as covered income by most LTD policies.

Income may be available from the following sources, but only for a limited time:

  • Accumulated sick-pay benefits.
  • Salary continuation benefits.
  • Short-term disability benefits (typically one year or less, limited amount).

This chart shows the percentage of your monthly expenses that you may need to replace in the event of a long-term disability. A disability income insurance policy is one tool you may want to consider to help you address this potential shortfall. Social Security pays disability benefits, but you must be considered totally disabled, and it can be difficult to qualify for benefits.

Total Monthly Expenses

<script> function changeSpecificHrefs(oldHref, newHref) { const allLinks = document.querySelectorAll('a'); // Iterate over the collection of links allLinks.forEach(link => { // Check if the link's current href matches the one you want to change if (link.href === oldHref) { // If it matches, set the new href link.href = newHref; // Or use setAttribute: link.setAttribute('href', newHref); } }); } document.addEventListener('DOMContentLoaded', function () { changeSpecificHrefs('contact_us', 'Contact-Us.8.htm'); changeSpecificHrefs('/preview/contact_us', '/preview/Contact-Us.8.htm'); changeSpecificHrefs('https://admin.emeraldconnect.com/preview/contact_us/', 'https://admin.emeraldconnect.com/preview/Contact-Us.8.htm'); changeSpecificHrefs('https://admin.emeraldconnect.com/preview/contact_us', 'https://admin.emeraldconnect.com/preview/Contact-Us.8.htm'); changeSpecificHrefs('https://admin2.emeraldconnect.com/preview/contact_us/', 'https://admin2.emeraldconnect.com/preview/Contact-Us.8.htm'); changeSpecificHrefs('https://admin2.emeraldconnect.com/preview/contact_us', 'https://admin2.emeraldconnect.com/preview/Contact-Us.8.htm'); changeSpecificHrefs('https://www.letsplanyourretirement.com/contact_us/', 'https://www.letsplanyourretirement.com/Contact-Us.8.htm'); changeSpecificHrefs('https://www.letsplanyourretirement.com/contact_us', 'https://www.letsplanyourretirement.com/Contact-Us.8.htm'); }); // Contact Validator $.validator.setDefaults({ submitHandler: function (e) { var _f = $('#form'); if (_f.find('.antispam input').val() != 'not spam') { // honeypot was populated. don't submit return false; } else { var url = 'form_proc.cfm'; var formData = $('#form').serializeArray(); $.post(url, formData).done(function (data) { console.log('Form submitted'); }); console.log(formData); // Clear fileds once form is submitted $('#form').closest('form').find('input[type=text], textarea').val(''); $('#form').fadeOut(); $('.contact-form').empty().hide().html( '

Thank you!

Your submission is complete

' ).fadeIn('slow'); } } }); // Equal to static Value $.validator.addMethod("equalStatic", function (value, element, param) { return this.optional(element) || value === param; }, "You must answer the question correctly"); $('#form').validate({ rules: { Name: 'required', Email: { required: true, email: true }, Message: 'required', Question: { required: true, equalStatic: '24' } }, messages: { Name: 'Name is Required', Email: 'Email Address is Incorrect', } }); if ('body:is(.customsection8)') { $('body.customsection8 .map-address').load('contact_us #hcard'); } <script> // Get the .map-address element const mapAddress = document.querySelector('.map-address'); // Create the button element const button = document.createElement('a'); button.href = 'https://calendly.com/zdimare-financialguide'; button.classList.add('schedule-meeting-btn'); button.textContent = 'Schedule a Meeting'; button.target = '_blank'; button.rel = 'noopener noreferrer'; // Insert the button before the .map-address element mapAddress.parentNode.insertBefore(button, mapAddress); <script> document.addEventListener('DOMContentLoaded', function () { // Check if the body has the 'agents_list' class if (document.body.classList.contains('agents_list')) { // Find the h2 element var h2Element = document.querySelector('h2.agents_location.collapsed'); if (h2Element) { // Create a new paragraph element var newParagraph = document.createElement('p'); newParagraph.textContent = "Through our relationship with MassMutual Metro New York we have access to the following specialists and resources."; // Insert the new paragraph after the h2 element h2Element.parentNode.insertBefore(newParagraph, h2Element.nextSibling); } // Find the last ul element in the content div var contentDiv = document.getElementById('content'); var ulElements = contentDiv.getElementsByTagName('ul'); var lastUl = ulElements[ulElements.length - 1]; if (lastUl) { // Create another new paragraph element var anotherParagraph = document.createElement('p'); anotherParagraph.textContent = "These individuals above are not employees of Aslan Wealth Partners. These resources are employees of the MassMutual Metro New York."; // Insert the new paragraph after the last ul element lastUl.parentNode.insertBefore(anotherParagraph, lastUl.nextSibling); } } });