graded death benefit

  • A periodically increasing, or decreasing, amount of insurance in a policy. It occurs most frequently in juvenile insurance in which the ultimate amount of insurance protection may be reached gradually by increasing steps over a period of several years.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).