The Presidential Life Graded Benefit (whole) Life policy is issued on a guaranteed issue basis for ages 40 - 80 in most states.** There are no medical questions, no medical examinations, and no medical tests required to obtain this coverage. The minimum policy face amount is $2,000, and the maximum, $50,000.

Benefits payable under the Graded Benefit (whole) Life policy are limited in the first two or three years, depending on the issue age of the insured.

If the insured is under age 65, the benefit payable in the event of death that does not result from accidental means during the first 3 policy years is an amount equal to the premiums paid plus 5% compounded annually.

If the insured is age 65 or older, the benefit payable in the event of death that does not result from accidental means during the first 2 policy years is an amount equal to the premiums paid plus 5% compounded annually.

If death occurs as the result of accidental means during a policy's 2- or 3-year graded benefit period, the death benefit payable under the policy will be premiums paid plus 5% compounded annually plus an accidental death benefit amount equal to the full face amount of the policy.