Definition - What does Successive Periods mean?
Successive periods refer to multiple hospital confinements within a certain period that are considered one instance of hospitalization when each one is related or due to one medical condition.
Insuranceopedia explains Successive Periods
In case a policyholder visits a hospital multiple times for the same injury or illness, the insurance company treats each visit as part of a successive period and a continuation of the original medical condition, rather than a new one. Because insurance companies take this into account when providing benefits, it is important for a policyholder to understand how they may affect the amount paid out. Often, a period of time known as a waiting or elimination period must pass before insurers consider benefit periods as separate and not successive periods.
How Well Do You Know Your Life Insurance?
The more you know about life insurance, the better prepared you are to find the best coverage for you.
Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.