Sentences with phrase «elimination period»

Benefits are available once the policy has been issued, once the standard 90 day elimination period ends.

Policies get cheaper with longer elimination periods because the number of illnesses and injuries that keep you from working for that long decreases.

You can typically choose elimination periods of 30, 60, 90, 180 or 365 days.

Short term disability insurance provides income after a relatively short elimination period for a short period of time.

The shortest elimination period for an accident is zero days and 7 days if due to sickness.

Benefits are available once the policy has been issued, once the standard 90 day elimination period ends.

Both short term and long term disability plans have qualifying time periods called elimination periods in which the claimant must be unable to work before they are eligible for benefit coverage.

Long - term policy elimination periods range from 30 days to two years, but the most common is 90 days.

For an individual disability insurance policy, the typical elimination period is 90 days.

For care in a facility, the required elimination period is 90 days.

You can determine your optimum elimination period by looking again at your retirement plan to estimate whether or not your investment resources are sufficient.

Most elimination periods last between 30 days and a year.

You can typically choose elimination periods of 30, 60, 90, 180 or 365 days.

In addition, you must file a claim with the insurer and wait for the policy elimination period to pass.

If the insured person becomes disabled, the monthly premium due on the policy is waived during the disability, after a six - month elimination period is met.

A disability insurance elimination period is how long you have to wait before the insurance company will pay benefits.

You can choose from three elimination period options of 90, 180 or 365 days.

You get the choice of elimination period when you set up your own private long - term disability policy.

Long - term disability insurance policies often contain elimination periods of three months or longer.

The different elimination periods available range from 30 days, 60, 90 or 180 days.

The different elimination periods available range from 30 days, 60, 90 or 180 days.

So what's the right elimination period length for you?

A longer elimination period means lower premiums, and your premium rate is something you should be aware of with any type of insurance policy.

Most people are simply better off building an emergency savings fund and purchasing a long - term disability policy with a short elimination period instead.

Insurance policies will give specific elimination period to its policy holders.

After the initial elimination period, your monthly income benefit is paid for the benefit period.

The available elimination periods include 0, 30, 60, 90, 180 or 365 calendar days.

For example, you may want to combine a 1 year short term disability policy with a long term disability policy with a 1 year elimination period.

If so, you may find value in some of the techniques I used during our debt elimination period that helped my family stay focused on our budget.

With long term disability insurance, there is typically a 6 month waiting period, aka elimination period, before any money is paid out.

For a short - term disability insurance policy, you might see elimination periods as short as 7 days, but more likely, around 30 days.

The default elimination period for a long - term disability insurance policy is typically 90 days.

Your disability policy's elimination period impacts two major components of your coverage.

Disability policies can carry elimination periods of 30, 60, 90, 180 or 365 days.

You should look at your financial situation to determine how long you can be without an income to decide what elimination period is best for you.

If you don't think your savings can last you the entire elimination period, you may consider short - term disability insurance a better bet than long - term disability insurance.

At the time the disability policy is purchased, you can select the appropriate elimination period that best meets your needs.

For disability buy - out, the normal elimination period is one year, and in some cases may be 18 months or even two years.

You do not want to take a longer elimination period then find that you can afford the costs at a critical time.

Therefore, a 90 day elimination period requires actually 120 days before you begin your benefit period and start receiving your income benefit.

It is good to weigh the pros and cons of a lower premium vs longer elimination period.

For an individual disability insurance policy, the typical elimination period is 90 days.

For care in a facility, the required elimination period is 90 days.

If the insured person becomes disabled, the monthly premium due on the policy is waived during the disability, after a six - month elimination period is met.

You can use the accident insurance benefit as a small payment while you wait for the disability insurance elimination period to end.

You can choose from three elimination period options of 90, 180 or 365 days.

You also have the option of choosing a shorter elimination period at issue and extending it at a later date.

The right elimination period for you depends on your financial situation and how long you can afford to make it without benefit payments.

You can choose elimination periods ranging from 90 days to 365 days.