What Graded premium life mean?

Graded premium life insurance is a type of policy where the premiums start lower and gradually increase over time, typically for a specified period, before leveling off. This structure allows policyholders to manage their cash flow initially while providing life coverage. It's often appealing to individuals who anticipate increased income in the future or those who may find it challenging to afford higher premiums upfront. However, the total cost over the life of the policy may be higher compared to traditional level premium plans.