A provision in a disability income insurance policy that requires a person to be disabled for 60 days before receiving benefits is an example of a(n)
A)calendar year deductible.
B)grace period.
C)elimination period.
D)probationary period.

Question

Quizplus · Accepted Answer

An elimination period is the amount of time an insured must wait after becoming disabled before receiving benefits. In this case, the elimination period is 60 days. A calendar year deductible is a type of deductible that resets each year. A grace period is a period of time after a premium due date during which coverage continues. A probationary period is a period of time after a policy is issued during which certain benefits may be limited or excluded.

A Provision in a Disability Income Insurance Policy That Requires