The "Increasing Death Benefit" is a feature often available in certain life insurance policies, particularly universal and variable life insurance. This provision ensures that the death benefit, or the amount payable to beneficiaries upon the death of the insured, increases over time.
The "Increasing Death Benefit" is a feature often available in certain life insurance policies, particularly universal and variable life insurance. This provision ensures that the death benefit, or the amount payable to beneficiaries upon the death of the insured, increases over time.
Typically, the increase can be attributed to the accumulation of cash value within the policy or a predetermined percentage increase. As the policyholder continues to pay premiums and the policy matures, the death benefit grows, providing an enhanced financial safety net for beneficiaries.
For policyholders, the Increasing Death Benefit offers a way to combat the eroding effects of inflation on the value of money.
The "Increasing Death Benefit" is a feature often available in certain life insurance policies, particularly universal and variable life insurance. This provision ensures that the death benefit, or the amount payable to beneficiaries upon the death of the insured, increases over time.
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