Alain is married and the father of two young children. He owns an excavation firm. Every month, he must pay $$3,000$ in fixed costs including rent, equipment rental and professional liability insurance.

His annual salary from his business is in the order of $$80,000.$

What amount of monthly benefit does he need in the event of disability?

$$ $$4,000$ per month to replace just his income.

$$ $$3,000$ per month to cover just his fixed costs.

$$ $$3,000$ per month to cover his fixed costs plus $$4,000$ per month to replace his income.

$$ $$7,000$ per month to replace his income