North Coast Life's Graded Life is a two year graded death benefit whole life product.
If death occurs in the first policy year, 25% of the ultimate death benefit is payable and
50% of the ultimate amount is payable in the second policy year. There is no reduction and
the full ultimate amount is payable if death is accidental.
Description of the Two year graded life insurance policy:
Issue Ages: 18 through 80
Maximum Issue Amount: $25,000 face amount.
Minimum Issue Amount: $2,500 face amount and $200 annual premium.*
Guaranteed Premiums for Insured's Lifetime
Guaranteed Cash Values
Guaranteed Death Benefits
Simplified Issue
Grade
Natural Causes - or -
Accidental
Year 1
25% of Face
100%
Year 2
50% of Face
100%
Year 3+
100% of Face
100%
Two year graded life insurance eligibility for insurance is determined by five medical questions asked on
the application.
