Graded death benefits are clauses written
into guaranteed issue life insurance policies which state that in order for your life insurance policy to pay a death benefit for «Natural» causes of death, you will need to live for a set period of time (typically 2 - 3 years) after your policy goes into effect.
Insurance companies include graded death benefit clauses
in guaranteed issue life insurance policies simply because they don't ask any health - related questions, which means they aren't going to know anything about your current health status.
Phrases with «guaranteed issue life insurance policy»