Which best describes the death benefit under Universal Life Option B (Type II)?

Explanation

The Type II (increasing) death benefit design pays the face amount PLUS the accumulated cash value, so the death benefit grows over time. Because the net amount at risk does not decline, this design is more expensive than the level Type I design. The description of a benefit equal to the accumulated cash value only, with no face amount, describes no life insurance design at all. Twice the original face amount at all times is not a universal life structure. And the level face amount only, regardless of cash value, is the Type I design rather than Type II.