DISABILITY INCOME NEEDS ANALYSIS SUMMARY In the Event of Martin's Disability Annual Available Income Earned Income Rate of Increase Disability Income Benefits Estimated Social Security Benefits Other Income Total Income
37,439 4.00% 27,000 41,250 23,595 $129,284
Pre-Retirement Rate of Inflation Post-Retirement Rate of Inflation
4.00% 4.00%
Annual Expenses Savings and Investments Standard-of-Living Costs ( 100% of current) Insurance Total Expenses
9,596 85,704 9,372 $104,672
Surplus in Year of Disability
$24,612 Income vs Expenses
240K
200K
160K
120K
80K
40K
0K 49
Age of Martin
54
59
64
69
IncomeTotal
Expenses
74
79
84
This report assumes that a disability will be both COMPLETE and PERMANENT. As such, Social Security benefits are included in the calculations. Prepared For: Martin and Mary Moderate Prepared By: David M Stitt, CLU, ChFC, CEP, CSA, CFP, RFC
DAMOST Consulting