Which term is used to describe a time deductible rather than a dollar deductible in a disability income policy?

In a disability income policy, the term "elimination period" refers to the specific duration during which benefits are not payable after a disability occurs. This period serves as a time deductible, meaning it essentially establishes a waiting time that the insured must experience before they begin receiving benefits. The purpose of this period is to prevent the insurance policy from being utilized for short-term disabilities or injuries, as it encourages policyholders to recover before benefits kick in.

The elimination period can vary in length based on the terms set in the policy, and it reflects the understanding that some time must pass before a carrier begins to absorb costs associated with a disability claim. This also allows the insurer to manage its risk while keeping premiums at a manageable level. Therefore, the correct answer highlights the function of the elimination period as it relates to timing rather than monetary deductions.