Disability Insurance Basics
What is a disability insurance elimination period?
The elimination period (also called the waiting period) is the amount of time you must be disabled before disability insurance benefits begin. Common elimination periods are 30, 60, 90, 180, and 365 days. A longer elimination period results in lower premiums. Most people choose a 90-day elimination period.
Key Points
- Elimination period: waiting period before benefits begin
- Common periods: 30, 60, 90, 180, 365 days
- Longer elimination period: lower premiums
- Most common: 90-day elimination period
- An independent agent can help you choose the right elimination period for your situation