read about what a "graded" final expense policy means

What Is a Graded Final Expense Policy?

Final expense policies are one of the best ways to ensure that your end-of-life expenses will be covered. Enrolling in a final expense policy is a way of preparing for the future and acknowledging multiple situations that can occur.

Final expense policies can be used to cover funeral and burial costs, but the death benefit can be used to cover other things as well. Medical bills and other debt can be covered by final expense policies, making them an excellent way to take financial responsibility off of your loved ones.

What Does Graded Mean?

There are different types of final expense policies that can vary depending on many factors. Who is eligible for the policy and when the death benefit is paid are two of the biggest determinants between the policies available.  

If you have health concerns, you may still be eligible for a graded final expense policy. Typically, those health concerns must be minor to qualify for a graded final expense policy.  

Graded policies will have certain periods that are laid out. During these periods, only a portion of the death benefit will be paid if the death occurs. It is customary that after two years, the full death benefit will be paid, but that amount can change depending on the policy and the insurance provider.

Certain policies will have different rules about what happens to the death benefit if accidental death occurs. As with all insurance policies, you should fully understand all possibilities covered before enrolling in the plan. Being fully aware of what your insurance includes is important in planning for the future and enrolling in the right policy for your needs and your family.

Why Choose a Graded Final Expense Policy?

If you’re looking for a moderately priced final expense policy and have some slight health problems, this might be the right type of final expense for you. Enrolling in a graded final expense policy will support your loved ones in the future and provide you with peace of mind. Making provisions for multiple situations is important, and we understand that at Final Expense Direct.  

Final Expense Direct Can Help!

If you’re wondering whether or not a graded final expense policy is right for you, reach out to us today. We can answer your questions and help you select the policy that will suit your needs best.


Final Expense Direct’s utmost concern is the safety of our clients, their families, and our employees and agents. Our hearts, thoughts, and prayers go out to all that the Coronavirus outbreak has touched and those whose lives have been disrupted. While 98% of our workforce is working remotely, we are here if you need assistance. If you are a client, please contact Customer Support at 800-538-3610, Ext 2, with any questions in regards to your policy. You may also contact us via email at We will continue to monitor this situation and keep you updated.