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28 January, 17:21

Which of the following examples of elimination periods provides the lowest benefit?

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  1. 28 January, 20:16
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    6 months

    Explanation:

    The elimination period is the time that passes between an incident suffered by an insurance holder and the moment he/she starts to receive the benefits provided by the insurance policy.

    Usually the elimination periods provided by plans that cover short term disabilities range between 14-30 days. For long term disabilities the elimination period may be longer, up to 90 days.

    The longer the elimination period, the lowest benefit received by the insured, therefore a 6 month long elimination period is considered very long and not that beneficial for the policy holder.
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