Why Is There A Waiting Period For Disability Insurance?

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   Ted Ratliff

   Owner, SFS Associates,

   The waiting period or elimination period acts as a deductible for disability insurance.  The longer the elimination period the lower the premium.  By having an elimination period it keeps a person from using the insurance for minor things, like missing a few days work because of the cold.  It is designed to keep costs low and prevent abuse.

   Answered on May 28, 2013

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