An Elimination Period Is the Number of Days That Must

question 65

True/False

An elimination period is the number of days that must pass before disability policies pay the benefits.

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Definitions:

Reaffirmation

An agreement made by a bankruptcy debtor to continue paying a dischargeable debt after the bankruptcy, usually in order to keep collateral or mortgaged property.

Cosign

To sign a legal document alongside another person, often agreeing to share the responsibility for fulfilling the terms of the document, such as repaying a loan.

Minor

An individual under the legal age of adulthood, typically under 18 years old, with limited legal rights and responsibilities.

Liable

Legally responsible or obligated to answer for actions or to compensate for harm or damage caused.