What Does Graded Whole Life Insurance Mean? 
Great question . These are the questions that should be asked before signing up for a policy . A graded policy normally will not pay out full benefits within a certain amount of time -LRB- such as 2 years -RRB- if death occurs from natural causes . So if a person were to have a graded policy and dies within the 1st year , more than likely the beneficiary will get just the premiums that were paid in that year plus maybe another 10 % or so as an example . 