Which provision states a period of time between issuance and acceptance before sickness benefits begin?

The waiting period refers to the specific timeframe between the issuance of an insurance policy and the beginning of coverage for certain benefits, such as sickness or disability benefits. This period serves as a form of risk management for the insurer, ensuring that individuals do not immediately file claims for benefits immediately upon purchasing their policy. During this waiting period, the policyholder must experience the designated time lapse before the benefits for sickness are activated.

In many insurance policies, this waiting period can vary in length and is designed to mitigate the risk of adverse selection, where individuals who anticipate needing coverage quickly would seek insurance immediately. It’s important for policyholders to understand this provision, as it affects when they can access benefits.

Other options may refer to different aspects of policy terms. For instance, an elimination period typically indicates the time before benefits kick in after a claim is made, while accrued benefit periods deal with the accumulation of benefits over time. A renewal period relates to the length of time before a policy must be renewed. Understanding these distinctions helps clarify the specific role of the waiting period in the context of insurance coverage.