Fred has a Universal Life policy with a $100,000 level death benefit plus account value. Over the years he has paid $30,000 in premiums and the investment account now stands at $20,000. If Fred dies, how much will his beneficiary receive? Fred has a Universal Life policy with a $100,000 level death benefit plus account value. Over the years he has paid $30,000 in premiums and the investment account now stands at $20,000. If Fred dies, how much will his beneficiary receive? $150,000 tax-free $100,000 tax-free $120,000 tax-free $110,000 after-tax Question at position?