probationary period
A probationary period refers to 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.
probationary period
A probationary period refers to 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.
Additional Information
The purpose is to clarify that the policy is not intended to cover disability resulting from preexisting disease.
