Back to all calculators

Disability Insurance Policy Comparison

FREE

Compare two disability insurance policies to find the best value and coverage for your needs

Insurance & Protection

Inputs

Enter your information

Your Information

Annual Income

Your gross annual income

Current Age

Policy A Details

Monthly Benefit Amount

Monthly benefit if you become disabled

Monthly Premium

What you pay each month

Own-Occupation Definition

Pays if you can't work in your specialty (highly recommended for physicians)

Cost of Living Adjustment (COLA)

Increases benefit by ~3% annually to keep pace with inflation

Future Purchase Option

Allows you to increase coverage later without medical underwriting

Policy B Details

Monthly Benefit Amount

Monthly benefit if you become disabled

Monthly Premium

What you pay each month

Own-Occupation Definition

Pays if you can't work in your specialty (highly recommended for physicians)

Cost of Living Adjustment (COLA)

Increases benefit by ~3% annually to keep pace with inflation

Future Purchase Option

Allows you to increase coverage later without medical underwriting

How It Works

1Enter your annual income and current age to establish baseline coverage needs (60% of income)
2Input the details of both policies including monthly benefit, premium, and key riders
3Review the value scores (0-100) based on own-occupation definition, COLA, and future purchase options
4Compare total lifetime costs vs benefits if you become disabled until age 65
5See how COLA riders grow your benefit over time to keep pace with inflation

Assumptions

•Recommended coverage is 60% of gross income per industry standards
•Assumes disability lasting until age 65 for benefit period calculations
•COLA riders assumed to increase benefits by 3% annually
•Own-occupation definition valued at +30 points (critical for physicians)
•COLA protection valued at +15 points for long-term inflation protection
•Future purchase option valued at +5 points for coverage flexibility
•Does not include state-specific variations or group policy considerations

⚡Pro Features

✓Upload policy documents - AI auto-extracts all benefits, riders, and exclusions
✓Ask AI Copilot: "Is own-occupation coverage worth the extra premium for my specialty?" Get instant analysis
✓Compare policies from multiple insurers side-by-side (compare 3-5 quotes)
+5 more

Results

Fill in the inputs to see your results

Enter your data to calculate

How This Calculator Works

1Enter your annual income and current age to establish baseline coverage needs (60% of income)
2Input the details of both policies including monthly benefit, premium, and key riders
3Review the value scores (0-100) based on own-occupation definition, COLA, and future purchase options
4Compare total lifetime costs vs benefits if you become disabled until age 65
5See how COLA riders grow your benefit over time to keep pace with inflation

⚡Unlock Pro Features

✓Upload policy documents - AI auto-extracts all benefits, riders, and exclusions
✓Ask AI Copilot: "Is own-occupation coverage worth the extra premium for my specialty?" Get instant analysis
✓Compare policies from multiple insurers side-by-side (compare 3-5 quotes)
✓AI analyzes specialty-specific risks (surgical vs non-surgical, procedural vs cognitive)
✓Upload your Schedule C or W-2 - AI calculates exact coverage needed based on actual income
✓Get alerts when you qualify for rate reductions (non-smoker discounts, group discounts)
✓Factor in employer-provided group DI and recommended individual supplemental coverage
✓Export comparison reports to share with financial advisor or insurance broker

AI Curbside

Hi! I'm your AI financial advisor for physicians. Loading your personalized dashboard...

Powered by CopilotKit