1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The elimination period for Disability Insurance is the time period between the time that the disability occurs, and the time when the Insured person collects the first benefit. For Long Term Disability Insurance, a common elimination period is 3 months, but it can be much shorter or much longer.
    Answered on June 23, 2013
  2. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Disability insurance offers several elimination or waiting periods before tax free monthly benefits are paid. Most Americans have 90 days of cash reserves for emergencies. If that we're the case for you, a 90 day elimination period would first need to be satisfied after your claim before benefits started.
    Answered on September 14, 2013
  3. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The elimination period for Disability Insurance is the waiting period between the time the disability occurs, and the time the insurance benefit begins to be paid. The elimination period is one of the variables of a Disability Insurance policy that can be adjusted to lower premiums (by making the elimination period longer). If the applicant has very little savings on hand, they may want to pay more premium and buy a policy with a shorter elimination period.
    Answered on September 14, 2013
  4. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    The elimination period is basically the policy deductible.  It is typically the number of days from the onset of disability for which no benefits are payable.  The standard elimination period is 90 days (as Steve mentioned, that how much the typical American has in cash reserves), but your agent can also adjust the EP to 30, 90, 180 and even 365 days.
    Answered on September 16, 2013
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