Additionally, a 120-day elimination period
applies; the waiting period and elimination period
may run concurrently.
Typically, LTD plans have an elimination period
when benefits are not paid.
The face amount, elimination period
, benefit period and benefit eligibility for the disability benefit are defined in a way that requires minimal extra explanation by the agent.
Optional Riders HCBS Monthly Benefit Rider, Indemnity, Enhanced Elimination Period
, HCBS Waiver of the Elimination Period
, Covered Partner Waiver of Premium, Paid-Up Survivor, Share Care, Restoration of Benefit, Shortened Nonforfeiture Average application 25 days processing time Metropolitan Product Name MetLife LifeStage Life Advantage Insurance Company States available Unavailable in: (MetLife) FL, VT www.
The company's turn-key marketing support also includes the CASH-First LTCi program from United of Omaha, a LTCi product that provides cash on the first day of qualified need with no elimination period
Sun Life's LTD benefit is 60% to a maximum of $6,000 with the choice of a 60-day, 90-day, or 180-day elimination period
They understand how having access to a cash benefit can be beneficial to them now and in the future because it can be taken as an alternative to benefits for home care, assisted living or nursing-home care without going through the elimination period
Long Term Care plans with a one year benefit period and 180-day elimination period
Under new product enhancements, Lincoln MoneyGuard Reserve Plus now features no deductible period or elimination period
for all covered benefits and international benefits extended to help cover long-term care expenses incurred outside of the United States.
For example, some policies offer calendar-day elimination periods
, which means the elimination period
starts the day that a doctor assesses cognitive impairment or deficits in activities of daily living.
Employers also may require a waiting period, called an elimination period
, which is usually eight days for an illness.
AIG Benefit Solutions research has found that disabled employees face serious financial burdens by the time they get through their LTD elimination period
, which is usually six months.