Question

A couple advises a banker that their total income includes both salary and disability payments. How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.

Answer 1

The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:

• The use of SSA Notice of Award or any equivalent document “does not have a defined expiration date
• The use of income from this source that qualifies income.

How do you calculate disabilities?

In the calculation of how much a person can receive as your disability benefit, there is the use of SSA via the use of the average amount a person have earned per month over the timeframe of their adult years, and one adjusted for inflation.

One can do so by entering your typical annual income. and this income will be adjusted to know the wage growth over a person's career.

Note that The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:

• The use of SSA Notice of Award or any equivalent document “does not have a defined expiration date
• The use of income from this source that qualifies income.

Learn more about disability payments from

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