A universal life-type of policy allows the policy owner to withdraw (as well as to borrow) funds from the account value of the policy. In an Option A policy, a partial withdrawal results in a dollar-for-dollar automatic reduction in the policy's face amount. If the paid-up death benefit guarantee is in effect, a partial withdrawal will generally reduce the face amount by more than the amount of the withdrawal. In an Option B policy, a partial withdrawal reduces the death benefit on a dollar-for-dollar basis, but does not affect the face amount.