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? Group of answer choices Option A – Level Benefit Accidental Death Benefit Option Guaranteed Insurability 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? Group of answer choices Option A – Level Benefit Accidental Death Benefit Option Guaranteed Insurability Option Option B – Increasing Benefit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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