Helen buys a universal life policy with $250,000 of coverage. Nineteen years after purchasing the policy,...

 

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Helen buys a universal life policy with $250,000 of coverage. Nineteen years after purchasing the policy, she passes away. She has a cash value amount of $21,231. Her beneficiary received death benefit proceeds of $271,231. What was the death benefit option Helen had selected? O Guaranteed Insurability Option Option A - Level Benefit Accidental Death Benefit Option Option B - Increasing Benefit Helen buys a universal life policy with $250,000 of coverage. Nineteen years after purchasing the policy, she passes away. She has a cash value amount of $21,231. Her beneficiary received death benefit proceeds of $271,231. What was the death benefit option Helen had selected? O Guaranteed Insurability Option Option A - Level Benefit Accidental Death Benefit Option Option B - Increasing Benefit

Answer rating: 100% (QA)

2 Ans Accidental Death Benefit option Accidental Death Benefit opti... View the full answer