Bonnie, your client of eight years, has worked for XYZ Manufacturing as an administrative assistant, earning approximately $32,000 per year, since she graduated from college. She was recently promoted to office manager and received a large raise. In the past, you have often recommended disability insurance, but each time, she has decided against such coverage due to her inability to afford the premiums. With her annual income now increased, Bonnie would like to put some disability coverage in place_ After working through her monthly budget, she has determined that the maximum premium she can afford is $140 per month. The coverage amount that you have recommended costs $250 per month. While she cannot afford $250 per month right now, she believes that she will be able to in the coming years as she continues to receive merit increases. What should you recommend to Bonnie?

Answer rating: 100% (QA)

Bonnie should purchase a policy with a monthly premium of 140 The recommendation t... View the full answer