FAQs
What is a graded benefit in life insurance?
Last Updated:
January 9, 2024
Graded means the benefit is paid out according to how long you’ve had the policy and is usually provided in percentages, e.g., 30% of the policy amount within Year 1, 70% within Year 2, etc.
Graded means the benefit is paid out according to how long you’ve had the policy and is usually provided in percentages, e.g., 30% of the policy amount within Year 1, 70% within Year 2, etc.
