Purchasers of Universal Life Policies Specify the Policy's Face Amount

Multiple Choice

Purchasers of universal life policies specify the policy's face amount and whether the death benefit will be level or vary as the policy's cash value changes. Under level death benefit policies the death benefit payable:

A) Equals the policy's face amount
B) More than the policy's face amount
C) Less than the policy's face amount
D) Is policy's face value plus any accumulated cash value