Variable life insurance offers two death benefit options namely, option A and option B. The death benefit for option A is equal to the policy’s “face amount” and for option B, the death benefit is equal to the sum of the policy’s face amount plus the total Accumulation Value. It offers important tax advantages such as income tax-free death benefits, tax-deferred cash value growth, and tax-free exchange between subaccounts.
Learn more about life insurance from these informative articles to help you decide in choosing the best plan for you.
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