MLchartDataset catalogue

Elimination period

Term · Insurance and risk management · MLC-T-INS-001278

The waiting period between the onset of a disability or illness and the date when benefit payments begin under a disability income or long-term care insurance policy. During this time, the insured person must be continuously disabled but receives no benefits. Common elimination periods range from 30 to 180 days, with longer periods typically resulting in lower premiums.

Table 1. Record
IdentifierMLC-T-INS-001278
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001278",
  "term": "Elimination period",
  "field": "Insurance and risk management",
  "definition": "The waiting period between the onset of a disability or illness and the date when benefit payments begin under a disability income or long-term care insurance policy. During this time, the insured person must be continuously disabled but receives no benefits. Common elimination periods range from 30 to 180 days, with longer periods typically resulting in lower premiums.",
  "url": "https://mlchart.com/terminology/insurance/elimination-period/"
}

Record 1,107 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.