Answers: Option 1 = this usually means a plane death benefit. If you bought a $100,000 natural life insurance policy than this benefit will remain the same.
Option 2 = this usually process increasing cash merit death benefit. For example if you bought a $100,000 severe policy and you had built up brass value of $10,000, after with this route selected your total passing benefit would $110,000. You add the dosh value to the demise benefit.
Option 3 = this usually means that your passing benefit will increase each year by the amount of premium you put into it. For example if you buy a $100,000 policy and you money a premium of $4,000 each year consequently your death benefit would increase by $4,000 respectively year. Death benefit+premium= Net death benefit.
Of these disappearance benefits options #2 & #3 are typically more expensive for coverage.
Universal life span policies depend on the stock averages to tell you what your loss benefit is. You should contact the agent who sold you the policy (or his/her company) to get this explanation, because they will inevitability to read the policy for you. Probably, it is a situation where the extermination benefit depends on the inflation rate being (for example), 3%, 5%, or 7%. Do you show beneficiaries?