Disability Insurance Basics
What is the elimination period for disability insurance?
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. The longer the elimination period, the lower the premium. Most people choose a 90-day elimination period.
Key Points
- Elimination period: waiting period before benefits begin
- Common elimination periods: 30, 60, 90, 180, 365 days
- Longer elimination period = lower premium
- Most common choice: 90-day elimination period
- Emergency fund should cover the elimination period