Definition of Elimination Period:An elimination period in a disability income policy is the time that must pass after a covered event before the insurer begins to make benefit payments. This period helps to keep premiums more affordable by preventing small or short-term claims.
Other Provisions:Residual benefits (A), cost of living rider (C), and automatic increase provision (D) are additional features that can be included in a policy but typically add to the cost of premiums.
Reference:This is specified in various insurance policy guides and documents provided by the California Department of Insurance.