Which of the following describes a jumping juvenile policy?

A jumping juvenile policy is characterized by its progressive nature concerning the death benefit. It provides a death benefit that increases at certain predetermined ages, typically during critical milestones in a child’s life. This structure is designed to reflect the growing financial needs of the insured's family as the child matures, making it an appealing choice for parents looking to secure a financial safety net for their children.

By contrast, a standard juvenile policy may not have this automatic benefit growth feature, potentially providing a static benefit amount for the duration of the policy. Other options either describe coverage aspects that do not align with the unique features of a jumping juvenile policy or limit its validity in ways that do not capture the growth intention of the product. Thus, the choice that highlights the increasing death benefit aligns perfectly with the defining characteristics of a jumping juvenile policy.