Subject: Re: Re: Graded Benefit whole life insurance

Comments:
: Debbie: : Graded Benefit whole life insurance is really whole life insurance with low value, little or no medical qualification, and a gradual payout of the face valu based upon how long the insured lives.. : A graded benefit iteself means you don't get the full face value if the insured dies in the first several years of the policy. : On a $10,000 for example, the payouts may go as follows: : Die the first year: 0% payout (however your premiums would be returned). : Die the second year: 20% payout of face value (no premiums would be returned). $2000 death benefit. : Die the third year: 40% payout of face value (no premiums would be returned). $4000 death benefit. : : Die the fourth year: 60% payout of face value (no premiums would be returned). $6000 death benefit. : : Die the fifth year: 80% payout of face value (no premiums would be returned). $8000 death benefit. : : Die the sixth year: 100% payout of face value (no premiums would be returned). $10,000 death benefit. : : Hopefully this gives you a rough idea of the structure of graded benefit whole life insurance. : Agent : : : what is this type?? What does graded benefits mean?

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