Insurance Verifier Question:

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Please explain what is Elimination period in insurance?

Insurance Verifier Interview Question
Insurance Verifier Interview Question

Answer:

In the disability income insurance or loss of income insurance, the elimination period is the amount of time you have to wait before benefits are paid. In other words,it is a time-period between the beginning of the injury and the benefits you are paid off. Longer the Elimination period lower the premium and vice versa.

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