What is GRADED DEATH BENEFITS?

Typically in life insurance policies taken on children. Death benefit dependent on age of the child or age of the policy. It is possible for the benefit amount to be less than the face value in the early years of the policy.

More On This Topic



Link to This Definition
Did you find this definition of GRADED DEATH BENEFITS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary