Female, Modified Benefit |
Coverage Amount |
Monthly Premium |
Age 50 | $5,000 | $14.53 p/m |
Age 55 | $5,000 | $18.38 p/m |
Age 60 | $5,000 | $23.70 p/m |
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A graded benefit life insurance policy works differently only if you were to pass away during an early period of your policy.
- If you were to pass away during the first year of your policy, your beneficiary will be paid 30% of the face value of the policy (Example: If the face value is $10,000 you beneficiary will get $3,000).
- If you pass away during the second year of the policy, your beneficiary will get 70% of the face value (Example: If the face value is $10,000 you beneficiary will get $7,000).
- Lastly, if you were to pass away any time after the third year anniversary of your graded benefit life insurance policy, your beneficiary will get the full 100% of the face value (Example: If the face value is $10,000 you beneficiary will get $10,000).
At SeniorCareLife.com we will try to get you qualified for the lowest cost and best policy for your condition.
Benefits of having a Graded Benefit Whole Life Insurance Policy:
- First Year Death Benefit limited to 30% of face value
- Second Year Death Benefit limited to 70% of face value
- Third Year Death Benefit 100% of cash value
- Policy builds Cash Value
- Your monthly premium (payments) will never increase
- You can never outlive your policy
- Policy pays your beneficiary as long as premiums have been paid
- Policy cannot be revoked by the insurance company
- Guaranteed Death Benefit
- Your policy last your whole life
- Policy cannot be cancelled except for non payment
Get Whole Life Insurance Coverage
UP TO AGE 85 WITH NO MEDICAL EXAM at SeniorCareLife.info
UP TO AGE 85 WITH NO MEDICAL EXAM at SeniorCareLife.info