How To Calculate Disability Insurance? 
When calculating your disability insurance amount you must take into account a few factors . The first factor is how much money you will need to draw every month in case of a total disability whether it is from an illness or an injury . Most plans will limit your maximum monthly benefit to 70 % of current income and most will reduce your benefit when you become eligible for SSI which is the federal disability program through the US government . Next factor to consider will be how long can you live without drawing a monthly benefit ? This is the elimination period . An elimination period can be 30-60-90-180-360 days before you begin to receive benefits . The longer the elimination period the lower your monthly premiums . If you find you need benefits in less time than 30 days , it may be necessary to purchase a short term disability plan as well as a long term disability plan . The last factor to consider is the benefit period or how long you need benefits to pay in case of a total disability . Benefit periods can be as short as 2 years or can reach out to age 67 years old with many options in between . I highly recommend using an independent experienced disability broker to help you build the proper coverage for your unique situation at the best price possible . 