I am planning to go for Long Term Care Insurance before purchasing policy I was reading few articles on it. But I am not able to understand the term “Elimination Period”. Could anyone please explain what is Elimination Period?
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What is Elimination Period?
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Elimination period is duration from the date you get disabled till the date insurance company starts making the disability payments.
Higher the elimination period, lower the insurance premiums.Thanks & Regards
Insubuy
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