The time between the occurrence of an event (such as getting sick) and the beginning of insurance coverage. Elimination or waiting periods are common features of disability insurance. Short-term disability insurance often has an elimination period of between three and ten days. In those cases, you will not have any reimbursement of your lost wages by the short-term disability insurer until after you have been sick and unable to work for the number of days in the elimination period.
I am also a retired property-casualty A professional who assesses and manages the risks of financial investments, insurance policies and other potentially risky ventures. Source: www.investopedia.com/terms/a/actuary.asp More (someone who works with the math and statistics related to insurance). I spent a significant portion of my career building statistical models of all of the financial risks of an insurance company and interpreting their findings to help senior management make better financial decisions. I retired in my late 50’s, which one of my daughter’s friends thought clearly qualified me to write this blog. Read more about Susie Q