1. Jeff DavisPRO
    Financial Advisor, Lordship Investments, California
    Disability Insurance is intended to provide coverage in the event of a disability that prohibits a person from being able to work. The understanding for this type of policy is that a certain amount of time must elapse to prove disability. That is called the waiting period. It is expected that the insured will cover their own expenses until the waiting period has expired and benefits can begin.
    Answered on September 27, 2013
  2. Kelly MoserPRO
    Social Media Strategist, Disability Insurance Services, California
    The elimination period is basically the policy deductible and is usually the number of days from the onset of disability for which no benefits are payable. Typical waiting periods are 30, 90 or 180 days, though some policies do have 365 day waiting periods.  The longer the waiting period, the cheaper the policy.  
    Answered on September 27, 2013
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