Insurance Exam Prep

Ran Chen, EA, CFP®

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

4/26/2026 • 3 min

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 the policy premium due to the insurer's higher potential payout. - How to distinguish the per-claim elimination period from the one-time probationary period at the start of a policy. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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