What is a probationary period?
A)A period when the extent of the disability is determined
B)A period during which no benefits will be paid
C)A period allowed for late payments
D)A period during which medical exams are considered as part of the application

Question

Quizplus · Accepted Answer

A probationary period is a period during which no benefits will be paid. It starts with the beginning of the policy and lasts 15-30 days or sometimes 60 days in the case of a long-term policy. During the probationary period, no benefits are paid under the policy except in the case of an accident. The probationary period usually covers sickness. The purpose is so the insurance company can avoid paying for pre-existing conditions under the disability policy.

What Is a Probationary Period