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2011-09-14 11:43:31
2011-09-14 11:43:31

A graded life insurance policy is a kind of whole life policy. Unlike the typical kind of whole life, a graded policy starts out with lower premiums, which increase, usually yearly. Therefore, in the early years of this kind of policy, they premiums are lower than in a customary whole life policy. This kind of policy is sometimes called a "graduated premium" whole life policy.

Many life insurance companies sell this kind of policy, but this is not a forum in which to recommend one. You should go to a licensed life and health insurance agent or broker who can assess your needs and assist in finding an appropriate insurer. Be sure that the insurer is authorized (licensed) to conduct business in your state.

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A graded benefit life insurance plan is offered when the customer has an extensive health issues history. The difference between the graded life insurance and the level life insurance policy is that graded plan will pay less than the face amount of the policy in the first two policy years if the insured dies before the third policy year. Usually in the first two policy years the benefit paid equals the amount of insurance premiums paid plus a %.


Graded Premium Life is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance policy.



There are various options of affordable life insurance, such as term, universal, whole or graded life insurance. Graded is the cheapest option.


It is not important to have a life insurance policy.


The Policy Holder of a life insurance policy is the executor of the said policy.


No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.


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You can call a whole life insurance policy as a "Non-Endowment Life Insurance Policy".


A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.


There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.


Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.


how do you lacate a life insurance policy that was with southern life and health insurance company 30 years ago


Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.


You call the life insurance company and get the present cash value out of the policy. The policy will then be divested.


NO.. unless the policy does not have nomination. Only nominee will get the proceeds of life insurance policy.



Many cancer patients can, indeed, find affordable life insurance coverage. How? The key is finding a knowledgeable broker with experience in placing tough cases.Yes, you can get a "graded life" policy for up to $50,000. You maybe able to get more than one such policy. This means that the company only returns premium if the insured dies before 2 years, but if they live beyond that, the full insurance benefit is paid. It does not have to be an accidental death.Traditional life insurance is not available to people with a terminal illness. You may be able to obtain a Graded Death Benefit life insurance policy. With a Graded death benefit policy, if you die within the first few years, the life insurance company will only refund your premiums paid plus interest. With some policies, a specified percentage of the death benefit becomes available each year.


The life insurance policy has a maturing date that determines the time it takes for a policy to accumulate the amount of money essential for the policy. An unmatured life insurance policy is one that hasn't yet reached the end of its policy.


A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.


Guaranteed issue life insurance is life insurance that is guaranteed acceptance. That means if you apply you are guaranteed to be accepted for life insurance coverage. However, you usually have to be a certain, like 45-75. Also, the amount of coverage is not fully available until 1-2 years after you own the policy - this is called graded benefit life insurance.


A drug overdose does not break a life insurance policy.


murder and forge signature life insurance policy


Yes, you can. Call the life insurance company and cancel the policy.


No. You have to have an insurable interest in the person's life in order to take out an insurance policy on their life.



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