MONTHLY NET INCOME

Your monthly net income should be calculated on an individual basis. Do not include your spouse's income.

CURRENT MONTHLY EXPENSES

Your total monthly living expenses. Remember to include your home or rent payments, food, clothing, gas, phone and other monthly expenses.

MONTHLY EXPENSES DURING DISABILITY

Your monthly expenses while you are disabled. This amount is usually a little less than your original monthly expenses. The default value for this field is calculated as 70% of your current monthly expenses. You should keep in mind however, that many expenses such as your mortgage, rent, utilities and food will most likely remain the same as before you were disabled.

LENGTH OF DISABILITY

The number of months you expect a disability will prevent you from working. A common mistake is to underestimate the time it takes to get back to work.

CURRENT MONTHLY COVERAGE

Your current monthly disability coverage. Make sure to include any disability coverage supplied by your employer.

LENGTH OF COVERAGE

Number of months that your current monthly coverage will last.

ANNUAL INFLATION

Annual inflation rate expected over the period you are disabled. If you are disabled for a short period of time, inflation is usually not a very important factor. However, you may need to consider the effect of inflation if you remain disabled for more than a few years.