[Health Insurance] 30, Elimination Period and Benefit Period for Disability

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The elimination period in disability insurance acts as a time-based deductible before benefits are paid. - A longer elimination period decreases the policy premium, while a shorter period increases it. - The benefit period is the maximum duration for which disability benefits will be paid. - A longer benefit period increases t...