Many financial institutions recommend a debt ratio (total monthly expenses/total monthly income) to be below 40%. What is it now and what position would you be in if you became disabled?
Enter no more than 2 gross annual incomes as well as your recurring monthly expenses.
$ / month
$ / month
%
Choose your scenario: one person is in disability* or both.
YOU (INCOME 1)
Person with this income is disabledSPOUSE (income 2)
Person with this income is disabled*A percentage of 70% is used by default to calculate your income if you were disabled (percentage typically offered by employer’s group insurance). If the percentage is different, please change.
WITHOUT DISABILITY INSURANCE
INCOME
$ / month
EXPENSES
$ / month
DEBT
RATIO
%
LOST
EARNINGS
$ / month
WITH DISABILITY INSURANCE
INCOME
$ / month
EXPENSES
$ / month
DEBT
RATIO
%
This calculator is not intended to provide a detailed analysis of your disability insurance needs; it has been designed as a guide to estimate your debt ratio with and without disability insurance. National Bank Life Insurance Company makes no warranties, expressed or implied, as to the accuracy or completeness of the information provided in this calculator. National Bank Life Insurance Company shall not be liable for any losses or damages arising from any errors or omissions in such information or results, or any action or decision made by you based on this information or these results.