Grade whole life insurance refers to a type of whole life insurance policy where the premiums remain level, or 'graded', for a certain period of time before increasing to a higher level. During the graded period, the premiums are typically lower, making it an attractive option for individuals who want to start with lower premium payments. However, it's important to note that the premiums will increase after the graded period, so policyholders should carefully consider their long-term financial situation before opting for this type of policy. Additionally, grade whole life insurance policies often have a waiting period before the full death benefit is available, which is an important factor to consider when evaluating this type of insurance. It's advisable to consult with a licensed insurance professional to fully understand the terms and conditions of grade whole life insurance and how it fits into your overall financial plan.