Physician Financial Advisors
Tool

How Much Disability Coverage Do You Need?

Turn your take-home pay, your group LTD policy, and any coverage you already own into the individual monthly benefit worth shopping for.

Your Numbers

$
Salary plus reliable bonus. For a resident, use the stipend.
% effective
$
Optional. Leave blank to protect your full take-home.

Coverage You Already Have

% of salary
$
Most employer-paid group benefits are taxed as income when you receive them.
$/month
Own-occupation policies you already own. Benefits are tax-free when you paid the premium.

What to Shop For

Monthly income to protect
—
Already covered, after tax
—
Individual benefit to shop for
—
per month, tax-free

Reading the result

What this assumes
  • Take-home uses 2026 federal brackets, the standard deduction, and FICA, with your state rate applied to wages. No itemized deductions or credits.
  • A taxable group benefit is taxed as if it were your only income in the year you receive it, which is how most claims work.
  • Individual own-occupation benefits are treated as tax-free because you paid the premium with after-tax dollars.
  • Carriers cap combined coverage, commonly near 60–65% of gross income. The tool flags when your gap exceeds a typical limit.

Estimates for education only, not individualized advice. Confirm anything you act on with a professional who knows your full situation.

Go deeper:Own-occupation disability for residentsOwn-Occupation Disability IncomeLesson 1: Protect the LicenseAll toolsTalk to a CFP® professional