Which of the following is an example of a fixed benefit for a life insurance policy holder?

A death benefit payout is a fixed benefit for a life insurance policyholder because it represents a guaranteed amount that will be paid out to the beneficiary upon the death of the insured, assuming the policy is in force. This payout is predetermined at the time the policy is issued, providing financial security and ensuring that the beneficiaries receive a specific sum, regardless of the circumstances surrounding the insured's death.

In contrast, cash value accumulation refers to the savings component of some life insurance policies, which can fluctuate based on the performance of investments. Dividend payouts relate to participating policies and are contingent on the insurer's profitability, making them variable rather than fixed. Policy loans allow the policyholder to borrow against the policy's cash value but involve repayment terms and interest, indicating that the amount available to the policyholder can change based on the outstanding loan balance.