GRADED DEATH BENEFIT LIFE INSURANCE

Graded Death Benefit life insurance has “graded death benefit” policies. This means that the death benefit in the first two years is less than the full amount of insurance for which an individual applied. The death benefit “grades” in years one and two. In the third year the death benefit is equal to the full amount of coverage. The exception will be the accidental death: in this case - the full death benefit will be paid in years one and two.

Graded Death Benefit life insurance can be Term (lasts for a specific period of time) and Whole Life (permanent).

The application and underwriting processes are fast and easy - there is no medical tests; simple short application with a few medical questions.

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