Question
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
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.
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