Immediate coverage means you have full life insurance coverage from the first day you are approved and made the first payment for your life insurance.
Graded benefit life insurance means you have graded benefits the first 2-3 years your are insured. So, you won;t have full coverage until you have been insured for at least two years, depending on the policy.
Regular life insurance plans have full coverage immediately, while guaranteed acceptance life insurance has graded benefits because they accept everyone who meets the age requirements.
Normally, anyone can get immediate full coverage life insurance unless you have a health issue or other factor that makes you a high risk for life insurance.
Learn more about how you can get immediate life insurance coverage today.