The various methods for the payment of the proceeds or values of a Life Insurance policy that may be selected in lieu of a lump sum.
The various methods for the payment of the proceeds or values of a Life Insurance policy that may be selected in lieu of a lump sum.
Under Universal Life insurance, the level death benefit option provides the greater of (1) the face amount of the policy at the time of death, or (2) a stipulated percentage of the accumulation value.