Disability & Life Insurance

Your ability to work is your biggest asset. See how much coverage your household needs, what your employer already covers, and the gap to fill.

Rules last verified Sep 25, 2026

These are example numbers. Answer a few questions and every calculator fills in with yours, saved in this browser.

Disability

Gap: $4,106/mo

If you couldn’t work, how much would the household need each month?

Loans, housing, childcare, living (from your plan): $14,506
Keep saving for retirement: $1,000
Spouse’s take-home pay: −$3,900
Monthly need, after tax: $11,606
Employer group LTD: 60% of salary, capped at $10,000 Employer-paid, so benefits are taxed: −$7,500 after tax

Individual own-occupation policy

≈ $4,100/mo benefit

Paid with after-tax dollars, so benefits are tax-free. Enter a quote to see its cost in your plan.

Your quote (annual premium)

Added to your plan as a monthly expense

Life insurance

Gap: ≈ $3.2M

What your family would need to stay on track without your income.

Replace your share of take-home ($180,000/yr for 20 years, today’s dollars): $2,677,945
Pay off the mortgage: $617,500
College for 2 children: $300,000
Federal student loans Discharged at death, so not needed. Private loans may not be.: $0
Employer group life: −$300,000
Savings and investments: −$100,000

Suggested term policy

$3.2M, 20-year term

Spouse needs coverage too: switch to “Spouse” above.

What to look for in a disability policy

True own-occupation, specialty-specific: pays if you can’t do your specialty, even if you could work in another field.
Future increase option: buy more coverage later without new medical questions. Most valuable if you buy during training.
Residual / partial disability and a cost-of-living rider.
Non-cancelable and guaranteed renewable to age 65 or later.

Other protection in your plan

Malpractice tail coverage: Check your contract →
Umbrella liability ($1–2M is common for physicians): Not entered
Will, guardians and beneficiaries: Estate checklist coming later

PGYield doesn’t sell insurance or quote premiums. If we ever refer you to a broker for a fee, we’ll say so on this page.

Sample household: attending $300,000 and spouse $60,000, 2 children, from My Plan. Needs are estimates; policy terms and prices vary by carrier, age, specialty and state. Educational, not insurance advice.