As a parent or spouse, your most valuable financial asset may be your ability to work and earn a living. If you get injured, become disabled or suffer a severe illness and are unable to work, would you be able to maintain your current standard of living? Savings can disappear quickly, so disability insurance can provide the financial security you and your family will need if the unthinkable occurs. You will want to consider all of your monthly financial obligations and the amount of time you will be out of work in assessing your needs.
Calculate Your Disability Insurance Needs
Calculate Your Disability Insurance Needs
Monthly Expenses |
Disability Coverage |
Shortfall |
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Months of Disability |
Months of Coverage |
Shortfall |
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Flagstar Bank partnered with Fintactix, a financial education company, to make this calculator available. This is for informational purposes only. The results are hypothetical to illustrate general scenarios. The calculator cannot determine that a specific Flagstar product is available to you or that it is the right solution for your circumstances. All Flagstar Bank products require an application and an approval process. Please contact us directly so we can assist you. Use of this calculator is not a substitute for and results cannot be relied on as investment, legal, tax or accounting advice. Please consult a tax advisor, attorney or other financial professional for personalized advice appropriate to your goals and circumstances. Flagstar Bank and our affiliates are not responsible for any content provided by unaffiliated third parties.