Disability Insurance Basics
What is the disability insurance benefit base?
The disability insurance benefit base is the income used to calculate your disability benefit. For most individual disability policies, the benefit base is your earned income from the prior year. Self-employed individuals may use their net business income or gross business income depending on the policy.
Key Points
- Benefit base: income used to calculate your disability benefit
- Typically based on earned income from the prior year
- Self-employed: may use net or gross business income
- Maximum benefit: typically 60-70% of benefit base
- An independent agent can help you calculate your maximum disability benefit