Since I was able to get a term insurance at early age I have the privilege to get other add on policies even without passing additional medical requirements. Like regular insurance, graded benefits life insurance is also good but insurance companies make sure that you have to pass necessary requirements before they accept you. This is to make sure that benefits will not be forfeited in case of accident or death.
Insurance is not for you but for your love ones although there are insurance you can claim even if you are still alive. In my case, I get an insurance that I can lump sum the money if in case I am able to reach the full term of my insurance. It is one of the best ways to put money in your financial portfolios.