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What are the two most common available universal life death benefit options?

April 26, 2017benefit common death life Options universal

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What are the two most common available universal life death benefit options?

2 Answers

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• Level Death Benefit Option: At least equal to the selected amount of insurance. • Increasing Death Benefit Option: At least equal to the selected amount of insurance plus the account value.

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The two most common death benefit options are: • Level Death Benefit Option: At least equal to the selected amount of insurance. • Increasing Death Benefit Option: At least equal to the selected amount of insurance plus the accumulation value.