How Life Insurance Benefits Are Graded
Reader Question: How are benefits graded in my life insurance policy?
Sal,
San Antonio Texas
Hi Sal, Generally life insurance benefits are graded during the early years of the policy for death from natural causes, with the full amount paid if death occurs after the graded period or if the policy-holder dies accidentally at any time. Benefits may be used to cover burial expenses. A policy is usually purchased to cover up to a certain amount of years.