Direct answer
It depends on your monthly fixed expenses and the amount of emergency savings you have available to cover the waiting period before benefits begin. Generally, financial advisors suggest replacing 60% to 80% of your take-home pay to maintain your standard of living.
Standard actuarial guidelines for personal income protection and financial planning. For additional information about income protection and disability statistics, see the Council for Disability Awareness.
What this means for you
It depends on your monthly fixed expenses and the amount of emergency savings you have available to cover the waiting period before benefits begin. Generally, financial advisors suggest replacing 60% to 80% of your take-home pay to maintain your standard of living.
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