A good method for holding down premiums on disability income protection is to

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Lengthening the elimination period (the amount of time between when the disability occurs and when benefits begin to be paid) can significantly reduce premiums. This is because the insurance company is not responsible for paying out benefits during this time period, so they are taking on less risk. Shortening the benefit period or reducing the monthly benefit would mean the policyholder receives less financial support if they become disabled, which defeats the purpose of having disability income protection insurance. Looking for federally-subsidized coverage may be an option for some individuals, but it is not a guaranteed method for holding down premiums.

A Good Method for Holding Down Premiums on Disability Income