What does Benefit Period mean? Read on to discover the definition & meaning of the term Benefit Period - to help you better understand the language used in insurance policies.
The benefit period is to the span of time during which an insurance company pays the policyholder (or the beneficiary named in the insurance policy) a benefit. Defined specially in the policy, it often involves health and disability insurance policies.
We hope the you have a better understanding of the meaning of Benefit Period.