An elimination period in insurance may be the waiting period that you must endure after a covered event or illness occurs before your insurance benefits kick in. Now during this period, what is expected of the benefactor.
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The elimination period in insurance refers to the waiting period that policyholders must satisfy before they can start receiving benefits. It is the time frame during which the insured is responsible for paying for their own expenses related to a covered event or illness. The elimination period typiRead more
The elimination period in insurance refers to the waiting period that policyholders must satisfy before they can start receiving benefits. It is the time frame during which the insured is responsible for paying for their own expenses related to a covered event or illness. The elimination period typically applies to long-term disability and long-term care insurance policies. Once the elimination period is over, the policyholder can start receiving benefits from the insurance company to cover their expenses.
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