- An imaginary being, male or female, like an elf or fairy,
represented as a descendant of fallen angels, excluded from paradise
till penance is accomplished.
Elimination Period Elimination Period is the duration between an accident, sickness, incapacity, or request and receiving final welfare payments.
Readjustment period Readjustment period is one- to two-year period immediately following the breadwinner’s death during which time the family should receive
Probationary period Probationary period refers waiting period of one to six months
Open perils policy Open perils policy coverage by an insurance contract that promises to cover all losses except those losses specifically excluded in the policy.
Named-perils policy Named-perils policy coverage by an insurance contract that promises to pay only for those losses caused by perils specifically listed in the policy.
Fixed-period option Fixed-period option is a life insurance settlement option in which the policy proceeds are paid out over a fixed
Eligibility period Eligibility period brief period of time during which an employee can sign up for group insurance without furnishing evidence of insurability.
Dependency period Dependency period is a period of time following the readjustment period during which the surviving spouse’s children are under
Benefit period Benefit period is a length of time benefits are paid in a disability income policy or long-term care policy after the elimination period is
Blackout period Blackout period is the period during which Social Security benefits are not paid to a surviving spouse—between the time the youngest child reaches age 16 and the surviving spouse’s
Definition
[ n.]