A disability elimination period is best described as

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Study for the Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

A disability elimination period is best described as

Explanation:
A disability elimination period is a waiting period between the start of a disability and when benefits begin. It acts like a time deductible: you must be disabled for a set number of days (for example, 30, 90, or 180) before the disability income benefits kick in. It’s not a premium discount, not the period benefits are paid (that’s the benefit period), and not a lapse in coverage. Choosing a longer elimination period generally lowers premiums because the insurer’s exposure starts later, but it also means you pay out-of-pocket for a longer initial period.

A disability elimination period is a waiting period between the start of a disability and when benefits begin. It acts like a time deductible: you must be disabled for a set number of days (for example, 30, 90, or 180) before the disability income benefits kick in. It’s not a premium discount, not the period benefits are paid (that’s the benefit period), and not a lapse in coverage. Choosing a longer elimination period generally lowers premiums because the insurer’s exposure starts later, but it also means you pay out-of-pocket for a longer initial period.

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