Having a graded death benefit on a life insurance policy means that your beneficiaries won’t get the full death benefit if you pass away within a few years after buying the policy.
Life Care AnnuitiesLong-Term Care InsuranceMultistate modelRetirement(2016). Converting retirement benefit into a life care annuity with graded benefits. Scandinavian Actuarial Journal. Ahead of Print. doi: 10.1080/03461238.2016.1258370doi:10.1080/03461238.2016.1258370Pla-Porcel, Javier...
Koco, Linda