Problem: Jose requires permanent life insurance protection to be used to endow a chair in History at his alma mater when he dies, He likes the flexibility of Universal Life and all of the options that it offers. This is the sort of insurance program that he would like to have to manage as little as possible.
Other factors aside, which of the following combinations, long term, would produce the lowest mortality costs for Jose, under his universal life insurance policy?
A. Level death benefit plus account value and adjustable mortality charges
B. Level death benefit plus account value and (Term to 100) T-100 mortality charges
C. Level death benefit plus account value and YRT mortality charges
D. Indexed (increasing) death benefit and yearly renewable term (YRT) mortality charges