Based on the following information, how much disability insurance coverage per month would be required: • Mortgage payment -$1,600/month
• Household insurance -$100/month
• Car insurance -$200/month
• Gas and oil -$90/month ($30 commuting to and from work)
• Food -$200/month ($70 represents lunch at work which would be reduced by half if the meals were prepared at home)
Employer disability insurance would provide $500/month and it is doubtful that anything would be received from either Social Security or worker's compensation.
A) $1,525
B) $2,190
C) $1,495
D) $1,625
Correct Answer:
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