Insurance   A layperson's glossary of insurance terminology.

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what is...
OPTION B PLAN
A plan used in universal life insurance in which the potential policy proceeds increase. In an option B plan, the policy proceeds are equal to the death benefit plus the policy's cash value. Consequently, the net amount at risk is always equal to the death benefit of the policy. See option A plan.
ALSO SEE: OPTION A PLAN

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