{
  "id": "v20-us-income-protection",
  "version": "20.16.0",
  "name": "Income Protection Needs Calculator — United States",
  "shortName": "Income Protection Needs",
  "description": "Estimate benefit and waiting-period cash needs using an actual policy replacement percentage and offset rule. USD planning view; stated limitations apply.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "income-protection",
    "us",
    "insurance-consumer",
    "insurance-terms"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "new",
  "engine": "native",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/v20-us-income-protection.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "20.16.0",
    "referenceCoverage": "references-listed",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "notice": "Illustrative defaults are not local quotes or verified legal rules. Dated reference components and user-entered assumptions are explicitly distinguished. Professional review is pending.",
  "urls": {
    "page": "/us/income-protection/",
    "definition": "/us/income-protection/definition.json",
    "schema": "/us/income-protection/schema.json",
    "llms": "/us/income-protection/llms.txt",
    "legacyDefinition": "/us/income-protection/definition.json"
  },
  "queryExample": "https://askcalculators.com/us/income-protection/?monthlyIncome=4000&replacement=60&otherMonthlyBenefit=0&essentialMonthlySpending=2500&waitingDays=90&benefitMonths=24&annualPremium=0&annualFees=0&monthlyFee=0&spreadPercent=15",
  "queryParameters": {
    "monthlyIncome": {
      "label": "Monthly income being protected",
      "type": "money",
      "required": true,
      "default": 4000
    },
    "replacement": {
      "label": "Entered benefit replacement percentage",
      "type": "percent",
      "required": true,
      "default": 60
    },
    "otherMonthlyBenefit": {
      "label": "Other income offset under the actual policy",
      "type": "money",
      "required": true,
      "default": 0
    },
    "essentialMonthlySpending": {
      "label": "Essential monthly household spending",
      "type": "money",
      "required": true,
      "default": 2500
    },
    "waitingDays": {
      "label": "Contract waiting period, days",
      "type": "number",
      "required": true,
      "default": 90
    },
    "benefitMonths": {
      "label": "Selected payable benefit months",
      "type": "number",
      "required": true,
      "default": 24
    },
    "annualPremium": {
      "label": "Actual quoted annual premium",
      "type": "money",
      "required": true,
      "default": 0
    },
    "annualFees": {
      "label": "Annual policy/administration fees",
      "type": "money",
      "required": true,
      "default": 0
    },
    "monthlyFee": {
      "label": "Additional installment fee per month",
      "type": "money",
      "required": true,
      "default": 0
    },
    "spreadPercent": {
      "label": "Quote sensitivity range",
      "type": "percent",
      "required": true,
      "default": 15
    }
  },
  "inputs": [
    {
      "id": "monthlyIncome",
      "label": "Monthly income being protected",
      "type": "money",
      "defaultValue": 4000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "replacement",
      "label": "Entered benefit replacement percentage",
      "type": "percent",
      "defaultValue": 60,
      "required": true,
      "min": 0,
      "max": 100,
      "step": 0.1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "otherMonthlyBenefit",
      "label": "Other income offset under the actual policy",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "essentialMonthlySpending",
      "label": "Essential monthly household spending",
      "type": "money",
      "defaultValue": 2500,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "waitingDays",
      "label": "Contract waiting period, days",
      "type": "number",
      "defaultValue": 90,
      "required": true,
      "min": 0,
      "max": 730,
      "step": 1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "benefitMonths",
      "label": "Selected payable benefit months",
      "type": "number",
      "defaultValue": 24,
      "required": true,
      "min": 0,
      "max": 600,
      "step": 1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "annualPremium",
      "label": "Actual quoted annual premium",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "annualFees",
      "label": "Annual policy/administration fees",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "monthlyFee",
      "label": "Additional installment fee per month",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "spreadPercent",
      "label": "Quote sensitivity range",
      "type": "percent",
      "defaultValue": 15,
      "required": true,
      "min": 0,
      "max": 100,
      "step": 0.1,
      "help": "Illustrative starting value; replace with your own evidence."
    }
  ],
  "outputs": [
    {
      "id": "monthlyBenefit",
      "label": "Modeled monthly benefit after offset",
      "format": "currency",
      "digits": 2,
      "primary": true,
      "currency": "USD"
    },
    {
      "id": "waitingReserve",
      "label": "Waiting-period spending reserve",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "termBenefit",
      "label": "Undiscounted benefit over entered payable months",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "annualPremium",
      "label": "Entered annual premium",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "annualCost",
      "label": "Annual premium and payment fees",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "monthlyEquivalent",
      "label": "Monthly equivalent cost",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "low",
      "label": "Low quote scenario",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "high",
      "label": "High quote scenario",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    }
  ],
  "formula": {
    "expression": "monthly benefit = maximum(0, protected monthly income × replacement fraction − policy offsets).",
    "note": "Inputs are converted to canonical units before evaluating this stated formula."
  },
  "examples": [
    {
      "label": "Illustrative defaults; required verification checks remain unconfirmed",
      "inputs": {
        "unitSystem": "imperial",
        "monthlyIncome": 4000,
        "replacement": 60,
        "otherMonthlyBenefit": 0,
        "essentialMonthlySpending": 2500,
        "waitingDays": 90,
        "benefitMonths": 24,
        "annualPremium": 0,
        "annualFees": 0,
        "monthlyFee": 0,
        "spreadPercent": 15
      }
    }
  ],
  "sources": [
    {
      "label": "NAIC consumer insurance resources",
      "url": "https://content.naic.org/consumer"
    },
    {
      "label": "NAIC insurance glossary",
      "url": "https://content.naic.org/glossary-insurance-terms"
    }
  ],
  "publicSlug": "income-protection",
  "namespace": "us",
  "countries": [
    "us",
    "ca",
    "uk",
    "ie"
  ]
}