Stephanie wants to purchase an individual disability insurance policy but feels that the cost is more than she can afford. The plan design that she is currently considering includes a benefit based on 50% of her after-tax income up to a maximum of $5,000 per month, a 90-day waiting period and a benefit period that runs to age 65. Identify the changes Stephanie could make to lower her monthly cost.

Answer rating: 100% (QA)

Stephanie has several options to lower her monthly cost for an individual disability insurance policy Here are some changes she could consider 1 Adjus... View the full answer