Sentences with phrase «created graded death benefits»

This is why they created the graded death benefit.

Insurance companies created a graded death benefit clause which will state that if you will need to live for at least 2 - 3 years (depending on the insurance carrier) from the date that you purchase your life insurance policy, before your life insurance policy will pay a death benefit for natural causes of death.

This is why they the created the graded death benefit which basically states that as long as you are alive 2 to 3 years (depending upon which insurance company you choose) after initially purchasing your life insurance policy, you will be covered for both accidental and natural causes of death.

Which is why they created the Graded Death Benefit as a way to protect themselves from insuring those that are really, really sick.

Not exact matches

Graded death benefits are «clauses» written into guaranteed issue life insurance policies which will create a «waiting period» before your guaranteed issue life insurance policy will begin covering you for NATURAL causes of death.