Graded premium whole life insurance

Graded premium whole life insurance is more affordable for many buyers because it offers a low introductory rate, a charge well below the actual cost of the insurance.  Premiums increase marginally until they reach an certain level, where they remain for the rest of the policy’s lifetime.

Like traditional whole life insurance, graded premium whole life insurance guarantees a death benefit, whose value is fixed at the time the policy is underwritten.

The strategy behind graded premium whole life insurance

There is an advantage to beginning a permanent life insurance policy at a young age: a lower age corresponds with a lower cost, most buyers have few or no health problems to hurt their insurability, and the added years give the policyholder more time to accumulate cash value.  The problem with buying permanent life insurance at a young age is that it is expensive; many customers cannot afford it until later in life, when their earning power has developed.

Graded premium life insurance enables customers who anticipate a greater future earning power to begin their whole life insurance policy earlier in life.  Graded premium life insurance charges a lower premium than its level of coverage is worth during the policy’s early years.  The policyholder will make up the difference in later years by paying a higher premium.

Call 1-800-823-4852 for free assistance from a licensed life insurance advisor.  Buy graded premium whole life insurance or obtain further information.