If you become disabled, not due to a work-related injury, what would you do? Have you developed a plan to protect your income should you become disabled? Use the attached spreadsheet, "Determining Disability Income Insurance Needs", and determine, based on your current monthly budget, how much money you'll need to cover your monthly expenses. At the bottom of the excel spreadsheet, if your current disability insurance plan isn't adequate, explain what your next steps are to ensure your income is protected should you become disabled.{Attached is the monthly budget planning file that you should complete in order to properly determine your current monthly budget prior to a disability.}Your answer must be financially reasonable.

Determining My Disability Income Insurance Needs (page 338) Current Monthly After-tax Income Previously Established Income Protections Monthly Social Security Disability Benefits Monthly Benefit From Employer Provided Disability Insurance Monthly Benefit From Private Disability Insurance Monthly Benefit From Other Government Disability Insurance Sub-total of All Existing Benefits Estimated Monthly Disability Income Insurance Needs 10:05 Sheet1 Back My Budget (pages 82-89) Insert Month INCOME Wages #1 (gross) Wages # 2 (gross) Interest Income Dividend Income Sales Commissions Bonuses Sheet2 Tips Gifts Tax Refunds Other Other TOTAL INCOME Sheet3 Insert Your Name 4 0 0 0 0 0 0 0 0 0 0 4 My Monthly Budget.xls EXPENSES FIXED EXPENSES Insert Your Figures Rent/Mortgage Home Insurance Real Estate Taxes Vehicle Loan #1 Vehicle Loan #2 Automobile Insurance Life Insurance Medical Insurance Retirement Fund #1 Retirement Fund #2 Student Loan Payments Federal Income Tax State Income Taxes City Income Taxes Social Security Taxes Personal Property Taxes Savings #1 Savings #2 Savings # 3 Other Other Other Total Fixed Expenses. VARIABLE EXPENSES Food (home) Food (meals away) Food (for entertainment) Entertainment Electricity Natural Gas Water/Sewer Garbage Collection Cable TV Local Telephone Long Distance Cell Phone Medical Clothing Gifts Personal Care Personal Allowances Gasoline Vehicle Maintenance Education Expenses Charitable Contributions Total Variable Expenses TOTAL EXPENSES SURPLUS (DEFICIT) Other Other Other Other Miscellaneous 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 OOOO000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $2,100 0 0 0 0 0 0 1 3 $750 $600 $0 $0 $1,350 $750