CARD Q083
A disability policy requires 60 days of covered disability before benefits begin. What is this waiting period called?
- Free-look period
- Elimination period
- Premium mode
- Benefit period
Elimination period
The elimination period is the initial waiting period after disability begins. The benefit period is how long benefits may continue.
Why each choice is right or wrong
A. Free-look period
Incorrect. A free look is a review-and-return period after delivery.
B. Elimination period
Correct. The elimination period is the initial waiting period after disability begins. The benefit period is how long benefits may continue.
C. Premium mode
Incorrect. Premium mode is payment frequency.
D. Benefit period
Incorrect. The benefit period is how long payments can continue, not the initial wait.
Review the related terms
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