Graded benefits may increase gradually and then level off, or they may increase sharply before becoming level.
This type of life insurance coverage is most common in juvenile life insurance, life insurance plans for seniors, people with health conditions, or those who have been turned down for life insurance.
Guaranteed issue life insurance plans have graded benefits for the first 2 or 3 years (usually), and then after that period of time the insured has full coverage.
Learn more about how a graded benefit life insurance policy works.