What Is The Waiting Period For Disability Insurance?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaThe Waiting Period for Disability Insurance is called the elimination period before benefits begin. You can design the waiting period from 30 days to a year, but the most popular is 90 days. Most Americans have 90 days of cash reserves stored up to pay domestic household expenses. Matching your cash reserves with the waiting period is a good way to determine how long the waiting period should be.Answered on June 13, 2013+01+1 this answer
0flag this answerview more answers by David Racich
2180 POINTSview profileKelly MoserSocial Media Strategist, Disability Insurance Services, CaliforniaThe waiting period, also known as the elimination period, varies from plan to plan. For short term disability insurance, the common elimination periods are 7 and 14 days. For long term disability insurance, the most favorable ep is 90 days, but some policies are written with 180 or even 365 eps. The longer eps are usually to offset the cost as it's cheaper when the waiting period is longer.Answered on November 19, 2013flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
