However, a graded benefit life insurance policy would have graded death benefits the first 2-3 years you are insured.
This graded benefit is common with guaranteed issue life insurance policies, because they accept people who may have serious health issues.
But, a regular term life insurance or permanent life insurance policy will pay out a death benefit the first year, as long as it is not a graded benefit policy.
Learn more about life insurance that pays the first year.