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Graded vs. Level Benefit
Final Expense plans often come in two flavors: level benefit (full coverage starts immediately) and graded benefit (partial benefit for non‑accidental death during a waiting period, often two years).
- Level benefit: Full coverage from day one if approved.
- Graded benefit: Partial payout during the waiting period; accidental death typically covered immediately.
- Guaranteed acceptance: No health questions, graded benefits apply; good fit when traditional underwriting is a challenge.
Not sure which you qualify for? We’ll compare both types across top carriers to find your best fit.