What universal life option includes a gradually increasing cash value with a level death benefit?

The option that provides a gradually increasing cash value while maintaining a level death benefit is indeed a characteristic of what is commonly referred to in life insurance as Option A. Under this arrangement, the cash value accumulates over time through the premium payments made by the policyholder and the interest credited to that cash value.

The level death benefit means that the death benefit remains constant throughout the life of the policy, regardless of how the cash value grows. This structure is beneficial for policyholders who value stability in their death benefit while aiming to increase their cash value, which can be accessed or borrowed against during their lifetime if needed.

This option typically allows for flexibility in premium payments and interest rates, whether they are guaranteed or not, making it an appealing choice for individuals looking for growth in cash value without compromising the amount their beneficiaries will receive upon their passing.