Elimination Period

Definition of "Elimination period"

Jamie & Teresa Namock
Jamie & Teresa Namock HomeSmart

Form of deductible usually found in disability income insurance; for example, no benefits may be payable for a length of time beginning with the first day of illness. Subsequently, benefits are usually paid only for costs incurred after the end of the elimination period. The longer the elimination period in a policy, the lower the premium.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ