lorenzo baldwin is a marketing professional and earns $96,000 a year. his monthly take-home pay is $4,800. his wife works part-time at a community center but receives no benefits. under state law, lorenzo's employer contributes to a workers' compensation insurance plan that would provide $2,250 per month for six months if he were disabled and unable to work. what is the monthly amount of lorenzo's disability insurance needs, assuming that he will not quality for medicare under his social security benefit?

A person is shielded from the ambiguous risk of losses by insurance. The recent sharp rise in medical costs has made health insurance more crucial than ever. As a result, every person has to have access to good disability income insurance coverage.

Therefore, $2,550 will be required for disability insurance.

Lorenzo requires $2,550 per month in supplementary disability income insurance. Since Lorenzo is a computer programmer and must spend a lot of time using a computer, L may want to consider purchasing long-term disability income insurance. In the event that L has a vision disability, it will preserve her income. Lorenzo's family's monthly demands and requirements should be covered by the insurance coverage size.

Choosing insurance is something that L should do.

In light of this, Lorenzo will require $2,550 in disability income. The aforementioned factors should be taken into account when Lorenzo decides to purchase a long-term disability income insurance policy, with the amount chosen to ensure that L's family's financial needs are met.

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