Supplemental Insurance Basics
What is a supplemental insurance waiting period?
A supplemental insurance waiting period is a period of time after enrollment before benefits are payable. Waiting periods vary by policy and condition. Cancer insurance may have a 30-90 day waiting period. Critical illness insurance may have a 30-90 day waiting period. Accident insurance typically has no waiting period.
Key Points
- Waiting period: time after enrollment before benefits are payable
- Cancer insurance: typically 30-90 day waiting period
- Critical illness insurance: typically 30-90 day waiting period
- Accident insurance: typically no waiting period
- An independent agent can help you find policies with the shortest waiting periods