Income Protection Calculator

If dependent on paycheck, yes. Disability risk: ~1 in 4 chance 90+ day disability before retirement age. Employer policy covers ~60%; private fills gap. Critical if sole income source.

Short-term: days/weeks to 3 months (employer often provides). Long-term: extends to age 65 (private insurance). Both important. LTD costlier but critical for > 3 month absence.

Definition matters: "unable to do own job" vs "unable to do any job." Own occupation better (can retrain, work elsewhere). Check elimination period (days before benefits start): 30 vs 90 days affect premium.