How Much Disability Insurance Can You Get?

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October 21, 2013

Kelly Moser

Along with the 45-70% that Peggy mentioned, many people choose to purchase other forms of insurance or DI to help make up for the remaining income that’s not covered. Critical Illness Insurance is often purchased so that the insured can receive a lump sum benefit on top of their monthly benefits. Also, you can purchase retirement plan DI, which will continue to make retirement contributions on your behalf should you be unable to work and make contributions to your 401k.
May 22, 2013

Peggy Mace

Your income and the individual Disability Insurance policy will determine how much Disability Insurance you can get. Most private, Long Term Disability policies allow a monthly benefit of 45-70% of your monthly earned income. Group Disability insurance usually will replace 60% of the base salary that is being paid to employees.

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