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Calculators


Got a question that involves number crunching? Use the calculators on this page to find the mathematical answer to the most commonly asked number-crunching questions, and see your inputs displayed next to the graph, chart, and/or table output in a side-by-side display.

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Disability Income Needs Calculator
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*Some expenses, such as commuter costs, may decrease, while other expenses, such as health-care costs, may increase.

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*Other sources may include spousal income, Social Security benefits, or income from savings and investments.

This calculator is designed to help you estimate how much disability income protection you might need. Enter an amount in each category listed, then click the calculate button for results.


Disability Income Needs

To protect your finances should you become disabled, you may need an estimated $4,000 per month in additional income. One potential source of this income is disability insurance.
Disability insurance policies generally aim to replace 50% to 70% of your gross income. This chart illustrates the monthly benefit you might receive based on your estimated gross income of $5,000.



    Assumptions

  • This calculator does not take into account the effect of income taxes.
  • Although disability insurance policies generally pay benefits equal to 50% to 70% of your gross income, benefits may be limited by other factors. For example, they may be reduced by amounts received from other sources (such as Social Security), and a monthly maximum benefit may apply.
  • Keep in mind that disability benefits are payable for a limited period of time (called the benefit period) outlined in the policy. A waiting period (called the elimination period) may also apply. This is the amount of time you must wait after the onset of a disability before benefits become payable.
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 Goldberg, Clouse & Edgell • 5008 Pine Creek Drive Ste. B • Westerville, OH  43081 • Tel: (614) 895-0123 • Fax: (614) 895-0365 • Email: ric@gcellc.com

Securities offered through Kestra Investment Services (Kestra IS), member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services (Kestra AS). Goldberg Clouse & Edgell  is a member of PartnersFinancial a platform of NFP Insurance Services, Inc. (NFPISI). Goldberg Clouse & Edgell and NFPISI is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not offer tax or legal advice.
 

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of  Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered.  Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed.  For additional information, please contact Kestra IS Compliance Department at 512-697-6000.

This communication is strictly intended for individuals residing in the state(s) of AL, CA, FL, GA, ID, IL, IN, KS, LA, ME, MD, MI, MS, NJ, NM, NY, OH, PA, RI, SC, TN and VA. No offers may be made or accepted from any resident outside the specific states referenced.
 


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