Death Benefit Options in some policies offer a choice between a Level death benefit, which stays the same throughout the policy, and an Increasing death benefit, which grows over time. The Level option provides a fixed benefit amount, while the Increasing option adds the policy’s cash value to the benefit, so it grows as the cash value grows.
Choosing between these options affects premium costs, with the Increasing option typically costing more. Level is often simpler, while Increasing can provide greater financial security over the long term as cash value builds.