The waiting period in disability income insurance:

Question

Quizplus · Accepted Answer

The waiting period in disability income insurance refers to the time between when the insured is unable to work and when benefits begin to be paid out. It is often referred to as the elimination period. During this time, the insured is responsible for covering their own expenses. The purpose of the waiting period is to eliminate payment for minor illnesses or injuries, as it protects against short-term disability.

The Waiting Period in Disability Income Insurance