Assess your financial health

TAKE THE TEST!

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?

1YOUR CURRENT SITUATION

Enter no more than 2 gross annual incomes as well as your recurring monthly expenses.

YOU (income 1)

$ / year

SPOUSE (income 2)

$ / year

MONTHLY EXPENSES – MORTGAGE/TAXES

$ / month

OTHER FIXED MONTHLY EXPENSES
(e.g., car loan, hydro, credit cards, etc.)

$ / month

TOTAL MONTHLY INCOME

$ / month

TOTAL MONTHLY EXPENSES

$ / month

DEBT RATIO

2WHAT WOULD HAPPEN IN THE EVENT OF A DISABILITY?

Choose your scenario: one person is in disability* or both.

YOU (INCOME 1)

Person with this income is disabled

Yes

SPOUSE (income 2)

Person with this income is disabled

Yes

PERCENTAGE OF INCOME IN THE EVENT OF A DISABILITY*

YOU (INCOME 1) %
SPOUSE (income 2) %

*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.

3YOUR FINANCIAL POSITION IN THE EVENT OF DISABILITY

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.

Insure your National Bank Mastercard. Call us now !

Insure your National Bank Mastercard.

Call us now : 1-877-871-7500

Assess your financial health

TAKE THE TEST!

1YOUR CURRENT SITUATION

2WHAT WOULD HAPPEN IN THE EVENT OF A DISABILITY?

3YOUR FINANCIAL POSITION IN THE EVENT OF DISABILITY

LEGEND