The elimination period in a long-term care policy functions as a:

Explanation

The elimination period in an LTC policy is a deductible measured in days: the insured must pay for their own care for that number of days after becoming eligible before the policy starts paying benefits, and a longer elimination period lowers the premium. It is not the maximum benefit, not a premium discount by itself, and not the free-look period (which is the right to return a new policy). The elimination period functions the same way here as in disability income insurance, as a time deductible.