Home > Glossary

Probationary Period

Probationary Period

Definition

A provision in some disability income policies stipulating that benefits will not be payable for sickness commencing during a specified time period (e.g., 15–30 days) after inception of the policy. The purpose is to clarify that the policy is not intended to cover disability resulting from preexisting disease.
CRC38-Sidebar-Standard-Reg
PLP White Paper sidebar
Prelicense.com

Navigation

Social Media

User ID: Subscriber Status:Free