Sofia (31) is the sole proprietor of her Nail Salon and a single mother to her daughter Nina (6). She is not eligible for Employment Insurance (EI) disability benefits because she did not opt-in as a self-employed person. She has funds saved for emergencies, but she wants to consider other protection in case of disability. She approaches you about disability insurance and after assessment, Sofia qualifies for $2,650 per month in coverage. Your initial recommendation is a 30-day waiting period and a 10 year benefit period. However, the premium is $100 per month more than she feels she can afford. Which of the following is her BEST option in order to manage her premium?
a)extend the waiting period from 30 to 60 days
b)reduce the benefit amount from $2,650 to $,2000 per month
c)reduce the benefit period from 10 years to 5 years
d)try to qualify for a higher occupational class