Enter PTD benefit assumptions
Use the fields below to model a wage-replacement style PTD benefit. The page stays single-column, while the input area automatically shifts to three, two, or one columns by screen size.
Example data table
| Scenario | Average Weekly Wage | Replacement Rate | Weekly Offsets | Taxable Portion | Tax Rate | COLA | Duration | Estimated Net Weekly | Estimated Net Monthly |
|---|---|---|---|---|---|---|---|---|---|
| Illustrative case | $1,500.00 | 66.67% | $100.00 | 25% | 12% | 2% | 20 years | $873.05 | $3,783.21 |
The example uses the default values prefilled in the form. Your own assumptions will produce different benefit levels and total values.
Formula used
Waiting period days and already paid weeks reduce the remaining payable duration. Retirement age can cap the selected duration when the retirement gap is shorter.
How to use this calculator
- Enter the average weekly wage used as the earnings base.
- Set the replacement rate, benefit floor, and benefit cap.
- Add weekly offsets from other coordinated income sources.
- Enter the taxable portion and expected tax rate.
- Choose whether future annual COLA increases should apply.
- Set the duration, age assumptions, waiting period, and already paid weeks.
- Use the discount rate for present value and the settlement factor for a lump-sum style estimate.
- Click the calculate button and review the summary cards, chart, and yearly table above the form.
- Download CSV or PDF if you want a portable record.
FAQs
1. What does PTD mean here?
Here, PTD means a permanent total disability style benefit estimate. The calculator models wage replacement, offsets, taxes, COLA, duration, and present value for planning purposes.
2. Is this result an official determination?
No. Policies, statutes, insurer rules, and settlement practices vary. Treat this page as a planning tool, then confirm the actual benefit method with policy documents or a qualified advisor.
3. Why should I enter weekly offsets?
Offsets reduce the estimated payable benefit when other income sources apply. Examples include disability coordination, pension credits, or similar recoveries that lower the core PTD payment.
4. Why is taxable portion separate from tax rate?
Some benefits are fully taxable, partly taxable, or effectively non-taxable. Splitting taxable portion from tax rate lets you model those cases more accurately instead of forcing one tax assumption.
5. What does COLA change in the projection?
COLA increases future projected benefits each year. It does not change prior years. Turning COLA off keeps the weekly benefit flat through the entire remaining projection period.
6. Why calculate present value?
Present value converts future payments into today’s dollars using a discount rate. It helps compare a stream of projected benefits against a possible lump-sum style settlement amount.
7. Can I model partial years?
Yes. The calculator accepts decimal years for duration and also reduces the timeline using waiting period days and already paid weeks. That supports shorter or partially elapsed benefit periods.
8. What happens when maximum weekly benefit is zero?
A zero maximum means no cap is applied. The estimate will then use the replacement-rate result, subject only to the minimum benefit floor and any offsets or taxes entered.