Keep in mind these policies have a two year graded benefit period, which means they do not pay the full death benefit until 24 months. (truebluelifeinsurance.com)
If the insured were to die after the 2 year graded benefit period, more than 2 years after buying the policy, the beneficiary receives the full death benefit of $ 20,000. (term-life-online.com)
In the event that you are diagnosed with a chronic or terminal illness after the two year graded benefit period, included riders in the policy allow for you to access portions of the death benefits early to help offset additional costs that arise due to your condition. (truebluelifeinsurance.com)