What does face amount, graded death benefit, and limited death benefit mean?
Last Updated:
January 9, 2024
The face amount is the quantity your policy is worth and how much money is paid to your beneficiaries.
A graded death benefit on a whole life insurance policy pays a percentage of the policy’s full death benefit if death occurs from natural causes during the first two years after you purchase the policy.
A limited death benefit on a whole life insurance policy pays a portion of the policy’s full death benefit if death occurs from natural causes during the first two years after you purchase the policy.
The face amount is the quantity your policy is worth and how much money is paid to your beneficiaries.
A graded death benefit on a whole life insurance policy pays a percentage of the policy’s full death benefit if death occurs from natural causes during the first two years after you purchase the policy.
A limited death benefit on a whole life insurance policy pays a portion of the policy’s full death benefit if death occurs from natural causes during the first two years after you purchase the policy.
