Graded benefit life insurance

A Graded Benefit Whole Life Insurance policy will cost you a little more than a regular policy. We always try to get you the best rate. Depending on your medical conditions, you may not qualify for a regular policy. We will then try to get you qualified for the next best policy.

Get an affordable senior care plan to cover your final expenses. Easy Phone Application Quick Approval. A Licensed Agent Will Assist You. Call 678-468-5163

Our A+ Rated life insurance carriers will provide you with the best rate and policy for which you qualify (With No Medical Exam) up to age 85. Fill out our Contact Form to request a quote on a Whole Life Insurance policy that’s just right for you. Get Quick Approval and your certification of coverage within a few days.

Benefits of having a Graded Benefit Whole Life Insurance Policy:

Graded benefit life insurance

Graded benefit life insurance

    • Policy pays 110% of premiums for non-accidental death within first 2 years.
    • Pays 100% of face value for death of insured after first 2 years
    • Full Death Benefit paid to beneficiary if death is due to an accident.
    • Policy builds Cash Value
    • Your monthly premium (payments) will never increase
    • You can never outlive your policy
    • Policy pays your beneficiary as long as premiums have been paid
    • Policy cannot be revoked by the insurance company
    • Guaranteed Death Benefit
    • Your policy last your whole life

Get Whole Life Insurance Coverage

If you need a low cost Whole Life Insurance policy, fill out the contact form above for a Quick Quote from a Licensed Senior Life Insurance Professional in Your State. Your policy can cost as little as $1 a day.

We are Licensed Life Insurance Agents who specialize in Senior Life Insurance. We can get you a

Whole Life Insurance Policy with No Medical Exam even if you have major illnesses. You may qualify for:

If you have already requested your senior whole life insurance quote, our agents will call you back soon as possible to discuss your condition and give you a free no obligation quote on your whole life insurance policy.

Graded Benefit Life Insurance Information

Graded benefit life insurance, also known as graded death benefit life insurance, is a type of life insurance policy that is typically designed for individuals who might have difficulty obtaining traditional life insurance due to health issues or other risk factors. This type of policy is often offered by insurance companies to provide coverage for individuals who might be considered higher risk to insure.

Here’s how graded benefit life insurance generally works:

  1. Coverage: Graded benefit life insurance provides a death benefit to the policy’s beneficiaries upon the death of the insured individual. This death benefit is the amount of money that the beneficiaries will receive.
  2. Graded Death Benefit: Unlike traditional life insurance policies, where the full death benefit is paid out immediately upon the insured’s death, graded benefit policies come with a graded or modified death benefit. This means that if the insured individual passes away within a certain period after the policy is issued (typically during the first few years), the beneficiaries may receive only a portion of the death benefit or a return of premiums paid, rather than the full death benefit.
  3. Waiting Period: During the initial years of the policy, there is often a waiting period (also known as a graded period). If the insured individual dies within this waiting period, the beneficiaries might receive a percentage of the death benefit or the premiums paid, depending on the terms of the policy.
  4. Premiums: Premiums for graded benefit life insurance policies are often higher than those for traditional life insurance policies, reflecting the higher risk that the insurance company is taking on by insuring individuals who might have health issues or other risk factors.
  5. Medical Underwriting: While graded benefit policies are designed to cater to individuals who might not qualify for traditional life insurance due to health issues, they usually don’t require a thorough medical examination or stringent underwriting. This makes them more accessible to people who might have been declined coverage elsewhere.

It’s important to note that graded benefit life insurance is generally more expensive and offers less coverage compared to traditional life insurance policies. Additionally, the specific terms and conditions of these policies can vary significantly between insurance companies. As such, it’s crucial to carefully read and understand the policy terms before purchasing graded benefit life insurance.

If you’re considering a graded benefit life insurance policy, it’s recommended to compare it with other types of life insurance options, and if possible, consult with a financial advisor or insurance professional to determine what type of coverage best suits your needs and circumstances.