By: Peggy Mace

Peggy Mace — Mon, 01 Jul 2013 15:05:15 +0000

Graded Benefit Whole Life Insurance is permanent life insurance that does not pay out the full death benefit for natural death until you have had the policy for a while. The average graded period is two years. During this time it may pay a percent of the death benefit for death due to natural causes such as illness, or it may return all you paid in plus a little extra. After 1 to 4 years, a graded policy will pay 100% of the death benefit. They usually also pay 100% from day one for accidental death.

By: David Racich

David Racich — Mon, 01 Jul 2013 03:52:01 +0000

Graded Benefit Whole Life Insurance is an increasing stepped up premium that as a level death benefit in guaranteed issue policies. It also can be a participating graded premium whole life policy that starts out with a gradual step up in premium and then levels our on the future. Participating whole life products use declared dividends to pay premium or limit the payments if the dividend is large enough.

New answer on: What Is Graded Benefit Whole Life Insurance?

By: Peggy Mace

By: David Racich