News from Mosher:

Disabled? Me? Never!

Dave Mosher - Thursday, January 1, 2012

Do you have the disability coverage you need? Even if you are already covered by a disability income insurance policy, you may still need more protection. This worksheet can help you determine how much you’ll need, or you can calculate your need online at

Enter your annual take-home pay from wages & salaries from all jobs you hold


Add your annual contributions to a tax-deferred payroll savings plan, such as a 401(k) or 403(b)


Add any annual pre-tax contributions that you make to a flexible-spending account to help meet medical or child-care costs


Add any bonuses, commissions or freelance income


Your total income


Multiply by this figure, an estimate of the income you would need to protect

X 0.70

Your total disability income insurance need


Subtract the annual after-tax benefit of your group LTD plan, if any*


The additional disability income insurance coverage you need**


*If your employer pays for your group LTD, you can estimate the after-tax benefit by multiplying the benefit by 0.75.

**Actual amount would be based on allowable issues and participation limits.

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