Sentences with phrase «graded death benefit feature»

The graded death benefit feature limits the amount of death benefits payable in the early years to return of premiums with interest.

Not exact matches

They also may feature graded death benefits, meaning you won't receive the full benefit amount if you die during an initial period of time (usually the first year or two of the policy).

Each of which will have their own unique set of features including what is called a «2 year graded death benefit» for their Legacy Whole Life product (if you die in the first 2 years, the policy returns 110 % of the premiums paid).

Regardless of which carrier you ultimately select and purchase a policy through, all guaranteed acceptance products feature a graded death benefit period.