If someone in your family suffers a long-term disability, it can be more taxing on your family's financial situation than if that person were to die. Why? Because when someone dies, their income stops, but so does their consumption of goods and services. By contrast, when a person becomes disabled, their income stops but their expenses continue. In fact, a disabling injury or illness often results in increased spending on things like medical bills, modifications to your car or home, etc.
The best way to determine how much disability income insurance you need to protect your loved ones is to meet with a qualified insurance agent. This professional can conduct a thorough needs analysis that determines the amount of disability income insurance that's right for you.
To make it easy for you to get a general sense of your needs, check out disability income insurance needs calculator. It'll walk you through the process and provide you with an estimate of your insurance needs in a matter of minutes.