Disability income policies usually have a(n) which is a time delay from the date of the issuance of the policy until benefit privileges are activated.

The answer to this question is the "Probationary Period". Hence when the disability income usually has a "probationary period" which is a time delay or the waiting time from the date of the issuance of the policy until the benefit privileges are being activated by the member and the office. This probationary period is somehow the observation period such the performance of the member is being monitored.

Kurtosis is a statistical measure used to describe the distribution of observed data around the mean. It is sometimes referred to as the "volatility of volatility."

Explanation: