A&H Policy ProvisionsQuestion 43 of 315
What is the elimination period on a disability income policy?
a.A deductible expressed in days during which the insured must be disabled before benefits begin
b.The maximum number of days benefits will be paid in a lifetime
c.The waiting period before a new sickness is first covered after issue
d.The number of days the insurer has to pay each monthly benefit
Explanation
The elimination period is the time-based deductible at the front end of a disability claim. Longer elimination periods (such as 90 or 180 days) lower the premium because the insurer pays for fewer short claims.
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