Which policy features a level premium and guaranteed cash value accumulation?

The policy that features a level premium and guaranteed cash value accumulation is Whole Life insurance. Whole Life policies are designed to provide coverage for the insured's entire lifetime, as long as premiums are paid. One of the key characteristics of Whole Life insurance is that it has a fixed premium that remains level throughout the life of the policy, making it predictable for budgeting.

Additionally, Whole Life insurance includes a cash value component that accumulates over time. This cash value grows at a guaranteed rate, providing a savings component to the policy. Policyholders can access this cash value through loans or withdrawals, subject to certain terms, which makes it a unique product compared to other types of life insurance that do not offer such features. This combination of level premiums and guaranteed cash value accumulation contributes to the stability and long-term planning aspects of Whole Life policies.