What is the definition of Level death benefit option? | Dictionary.net

LEVEL DEATH BENEFIT OPTION

\lˈɛvə͡l dˈɛθ bˈɛnɪfˌɪt ˈɒpʃən], \lˈɛvə‍l dˈɛθ bˈɛnɪfˌɪt ˈɒpʃən], \l_ˈɛ_v_əl d_ˈɛ_θ b_ˈɛ_n_ɪ_f_ˌɪ_t ˈɒ_p_ʃ_ə_n]\

Definitions of LEVEL DEATH BENEFIT OPTION

1910 - Black's Law Dictionary (2nd edition)

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Universal life insurance option paying the policy's face value or a specified accumulation value percentage upon the insured's death.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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