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Compare the sum of your figures from Steps 25 to your pay amount in step 1 to determine the amount you would need to maintain your current income level. Note that since other sources of income unrelated to vour disability usually expected to continue, you including them here in your analysis of the financial changes you can expect as a result of your disability. Disability Income Insurance Can Replace Your Earnings if You Can't Work Disability income insurance is intended to replace your earnings if yous are injured or ill and can't work for an extended period of time: All insurance requires premium payments and, as a general rule, the more generous the provisions, the more v lexpensive the premiums. Daking the time to gather information about your sources of disability income and doing some simple arithmetic not only heips you determine the amount of coverage you'd need, but could reveal sources you forgot or didn't know about. The more you alraady have available, the coverage you have to purchase, and the less coverage you have to purchase. the lower v the oremilum you have to pay. To arnive at the amount of disability income you would have to provide for yourself, youll compare vour earnings to the benefits you'd receive from governiment, employer, or private programs. The is how much you'd be short-and it is extremely unlikely that you wouldn't be short 1. Start with your pay. 2. Determine if you'll be elioible for Social security disability. Remember that you wifl only be eligible if you expect to be disabled for at least 3. Oetermine if you ti be eligible for disability benefits from other government progranis, Remember that if you re hurt on the job, you will probabiv be eligible for disability under vour state workens compenasabon insuranod 7 ; 4. Ask vader employer about company-sponsored disability plans with benefits. Mam compandes provide fultiv paid Computing Monthly Disabifity Needs Nex. wants to estimatie his monthly disablity income needs in case he is injured or ill and can't work for an extended peerlod of time. Aex has gathered the following figures, on a current, per-month basis. - Nex's gross pay is $2,700 and take-home pay is $2,000. - If Alex is elioible for Sodal Security cisability, his benefit will be $800, Alex expects to be disabled for 12 months. - As an amed services veteran, Alex has discovered that he would receive $400 from the government. His parments would begin immediately. - Nex would receive $200 in company disability benefits. His payments would begin immodiately. - Nex would receive $400 from his group disability policy. His payments would begin immediately. Complete the following table for the tenth month of Alex's disability. Complete the following table for the tenth month of Nex's disability