What does level premium permanent insurance accumulate that will eventually equal the face amount of the policy?

Level premium permanent insurance is designed to provide coverage for the life of the insured while ensuring that the premium payments remain consistent throughout the policy's duration. This type of insurance accumulates a cash value over time, built through the premium payments made by the policyowner.

As the cash value grows, it will eventually reach a point where it equals the face amount of the policy, providing a key benefit. This accumulation of cash value not only serves as a savings component but can also be accessed by the policyholder through loans or withdrawals, though doing so may reduce the death benefit.

The choice indicating that the cash value will equal the face amount of the policy accurately reflects the purpose and function of level premium permanent insurance. This characteristic is essential for understanding how these policies work, particularly in financial planning contexts.