Question

In a disability policy, the time between the disability event and the point at which benefits, under the contract, begin is known as the:

Group of answer choices

Wait room period

Discount period

Elimination period

Disabled period

Answer 1

The time period covered in between when an illness or injury happens and the payment of benefits begin by the insurer is called elimination period. It is also sometimes called the waiting period. The policy would require the insured to remain ill/ injured/ disabled during this period. Hence, in a disability policy, the time between the disability event and the point at which benefits, under the contract begin is known as the-

Elimination period.

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