Q: What is The “Elimination Period” of a Disability Policy? The elimination period, also known as a waiting period, acts as a deductible since it determines how many days you must be disabled before the monthly benefit will be paid. This is a standard feature of a “Long Term Disability” plan since the plan is intended to provide longer term protection and not step in for short term type situations.
https://zanderinsurancetips.com/2011/05/q-what-is-the-elimination-period-of-a-disability-policy/
The longer the elimination period is, the lower the cost of the plan will be. In most cases, the 90 day period makes the most financial sense, but there are exceptions. Policyholders often have the choice between various period lengths of anywhere from 30 days to 720 days.
https://www.protectyourincome.com/education-center/elimination-period-provision/
Elimination Period. Share. What is an 'Elimination Period'. An elimination period is the length of time between when an injury or illness begins and receiving benefit payments from an insurer. Also known as the waiting or qualifying period, policyholders must in the interim pay for these services and can be thought of as a deductible.
http://www.investopedia.com/terms/e/eliminationperiod.asp
A waiting period is the period of time between when an action is requested or mandated and when it occurs. In the United States, the term is commonly used in reference to gun control, as some U.S. states require a person to wait for a set number of days after buying or reserving a firearm from a dealer before actually taking possession of it.
https://en.wikipedia.org/wiki/Waiting_period
What is a Disability Insurance Elimination Period? Individual disability insurance policies contain an elimination period, or waiting period, during which time no benefits are payable. It is the period of time between the starting point of an injury or illness and the time during which benefit payments are received.
https://www.protectyourincome.com/education-center/elimination-period-provision/
Long–term care policies have an elimination period, which is the number of days you must need nursing home care or home health care before your policy pays benefits. A shorter elimination period will mean you pay a higher premium. Elimination periods may range from 0 to 180 days.
http://www.naic.org/documents/consumer_alert_ltc.htm
Elimination Period. A loosely used term, sometimes designating the probationary period, but most often designating the waiting period in a health insurance policy. See also Probationary Period and Waiting Period. Previous Search New Term Next.
https://www.online-health-insurance.com/health-insurance-resources/dictionary/elimination-period.htm
Long Term Care Insurance Elimination Period. The Long Term Care Insurance elimination period is essentially the policy’s deductible. It is measured in a number of days that a person will need to receive care before the policy will pay benefits. The common Long Term Care Insurance elimination period options are: 0, 30, 60, 90 or 180 days. These options vary from state to state.
https://www.ltctree.com/long-term-care-insurance-elimination-period/
Waiting periods are also used for new insurance policies, particularly health insurance and flood insurance. Incidents which occur during this time are not claimable. The term may also refer to the time between the making of a claim and the payment of it, also called the elimination period.
https://en.wikipedia.org/wiki/Waiting_period
Elimination Period. What is an 'Elimination Period'. An elimination period is the length of time between when an injury or illness begins and receiving benefit payments from an insurer. Also known as the waiting or qualifying period, policyholders must in the interim pay for these services and can be thought of as a deductible.
http://www.investopedia.com/terms/e/eliminationperiod.asp
what is an elimination period in insurance
An elimination period is the length of time between when an injury or illness begins and receiving benefit payments from an insurer.