Benefit Scenario: $250,000 specialist, no cover
$250,000 specialist, no cover: $250,000 income, none, $12,500 monthly gap, $450–$700/month to close. Full calculation and buying notes.

| Gross income | $250,000 |
|---|---|
| Group cover | None |
| Monthly gap | $12,500 |
| Cost to close | $450–$700 |
$250,000 specialist, no cover: gross income $250,000, existing cover none, leaving a monthly gap of about $12,500. Closing that gap with an individual policy costs roughly $450–$700 a month.
The arithmetic
| Item | Value |
|---|---|
| Gross income | $250,000 |
| Existing cover | None |
| Monthly gap | $12,500 |
| Individual policy cost | $450–$700 |
| Income band | 150k+ |
The gap is calculated on net income, not gross: group benefits are usually taxable, so a 60% group benefit replaces closer to 45% of take-home pay. That is why this profile still shows a $12,500 shortfall.
What to buy
- Size the individual policy to the net gap, not to a round percentage.
- Use a 90-day elimination period if savings cover three months; shorter periods cost materially more.
- Add residual disability so a partial return to work still pays proportionally.
- Confirm how the carrier offsets the existing group benefit.
Two smaller policies from different carriers can make sense above $10,000 a month of benefit, because individual carriers cap issuance by income tier.
Is it worth it
At $450–$700 a month, the annual premium is a small fraction of one year of the $12,500 gap. The comparison is not premium versus savings — it is premium versus the probability of an extended absence during your working years.
$250,000 specialist, no cover: a $12,500 monthly gap, closed for $450–$700 a month. Fund the elimination period, then insure the rest.