The preferred strategy for holding down the cost of disability income protection is to choose

Question

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Choosing a longer elimination (waiting) period means that the policyholder must wait longer before the benefits start, which can help to reduce the cost of the policy. This strategy works because it reduces the insurer's risk of having to pay out a claim for a short-term disability. However, it is important to balance the potential cost savings with the need for adequate coverage in the event of a disability.

The Preferred Strategy for Holding Down the Cost of Disability