FreeByte

Income protection calculator

Cover for time off sick.

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
$
65%
$

Monthly benefit

$3,510

Gap during waiting period

$16,212.47

With these inputs, monthly benefit comes to $3,510 over 65 years. Gap during waiting period works out to $16,212.47.

Savings cover the wait?
No
Shortfall vs full income
$1,890

Over time · by cover percentage

What moves the number · Monthly benefit

Input−10%Now+10%
Monthly income$3,159$3,510$3,861
Cover percentage$3,159$3,510$3,861

Solve for an input

Whatmakesequal

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Cover for time off sick.

A worked example

Starting figures

Monthly income
$5,400
Cover percentage
65%
Waiting period (weeks)
13
Savings
$14,000

What it returns

Monthly benefit
$3,510
Gap during waiting period
$16,212.47
Savings cover the wait?
No
Shortfall vs full income
$1,890

How to read the results

With the defaults above, monthly benefit works out at $3,510.

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