Which nonforfeiture option typically offers the highest death benefit?

The Extended Term Option typically offers the highest death benefit among nonforfeiture options because it allows the policyholder to use the cash value of their life insurance policy to purchase term insurance for the same face amount as the original policy. This means that the insurance coverage continues, and the death benefit remains at the original policy amount for a specified period, depending on the cash value.

In contrast, the Reduced Paid-Up Option provides a lower amount of permanent insurance because it converts the existing policy into a paid-up permanent insurance policy for a reduced amount of coverage. While the Cash Surrender Option allows the policyholder to receive the cash value of the policy, it eliminates any insurance coverage altogether. Paid-Up Additions generate additional insurance based on dividends, but they do not match the full face amount of the original policy like the Extended Term Option does.

Thus, the Extended Term Option is designed to maintain the original benefit level, making it the one that offers the highest death benefit among the given choices.