What Does Graded Premium Whole Life Mean?
What does Graded Premium Whole Life mean? Read on to discover the definition & meaning of the term Graded Premium Whole Life - to help you better understand the language used in insurance policies.
Graded Premium Whole Life
Variation of a traditional whole life contract providing for lower than normal premium rates during the first few policy years, with premiums increasing gradually each year. After the preliminary period, premiums level off and remain constant.
We hope the you have a better understanding of the meaning of Graded Premium Whole Life.
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