Elimination Period


Definition of "Elimination period"

Mark " MrRealEstate" Rodriguez real estate agent
Mark " MrRealEstate" Rodriguez, Real Estate Agent eXp Realty

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.

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