A benefit period is a length of time during which a benefit is paid. This may be a government benefit such as the British Housing Benefit, or a healthcare benefit system such as the American Medicare, or payment from an insurance policy such as a Payment protection insurance which covers mortgage or other commitments after accident, illness or redundancy. It may also be known as the Payment period.
A related terms is Benefit week used in calculation of entitlement to benefits.
Read more about Benefit Period: Medicare, Benefit Year or Season
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“The service a man renders his friend is trivial and selfish, compared with the service he knows his friend stood in readiness to yield him, alike before he had begun to serve his friend, and now also. Compared with that good-will I bear my friend, the benefit it is in my power to render him seems small.”
—Ralph Waldo Emerson (1803–1882)
“Remember how often you have postponed minding your interest, and let slip those opportunities the gods have given you. It is now high time to consider what sort of world you are part of, and from what kind of governor of it you are descended; that you have a set period assigned you to act in, and unless you improve it to brighten and compose your thoughts, it will quickly run off with you, and be lost beyond recovery.”
—Marcus Aurelius Antoninus (121–180)