Question

An insured is hospitalized with a back injury. Upon checking his disability income policy, he learns that he will not be eligible for benefits for at least 30 days. This would indicate that his policy was probably written with a 30-day ________.

1) waiting period
2) coverage period
3) exclusion period
4) grace period

Answer 1

The insured's disability income policy likely has a 30-day waiting period before benefits become available after filing a claim due to a back injury.

Step-by-step explanation:

An insured who learns they will not be eligible for benefits for at least 30 days after being hospitalized with a back injury is likely encountering a waiting period.

This is a common insurance policy feature which specifies a set amount of time that must pass before benefits can be claimed after a claimable event occurs. In this case, the policy was probably written with a 30-day waiting period.In this case, the insured will not receive benefits for at least 30 days after being hospitalized with a back injury.