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What Does Elimination Period Mean For Disability Insurance

Last updated: December 23, 2023

The disability insurance is eligible for the people who are no longer able to perform their duties due to some disability. Disability insurance policies can be hard to understand because they are so complex. There are many components and conditions that need careful consideration in order for the policyholder's disability claim process to go smoothly. One of those components is the elimination period. To know more about what does elimination period means for disability insurance read on.

The elimination period is said to be a waiting period, that is the time between the start of your injury and the day the insurance policy starts paying you benefits. The elimination period is not the same for every policy. The elimination period varies from 30 days to two years, with 90 days being the most typical. Longer elimination periods lower the cost of policies.

It is very important to have savings or other sources of earnings at your end before you opt for a policy. Because during the elimination period these savings will help you sustain. If you have a lot of money saved up, you can get away with a lengthier elimination period. You'll prefer a shorter elimination time if you only have a small amount of money.

It’s obvious that people would prefer a shorter elimination period over a longer one, but that’s not the case always. Many people choose a longer elimination period as you have to pay less premium. When does the elimination period begin? The elimination period begins on the day you are injured or sick. It does not begin on the day your disability claim is filed.

If you want to know more about the kinds of disabilities such as maternity disability, and how do they occur, head over to Disability Help.org blogs today!

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Zoey Appleton
Zoey has worked with Cheri for years and has been creating the best articles not only for Disability Help but for our readers. Her job hits close to home for she has a brother with special needs. She hopes to see science and technology pave the way for a better life, with Disability Help to cover it and share it with those that need it.
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