Life insurance methods, systems and products are provided that incorporate a fixed account, a separate account, and under specified circumstances a death benefit. One embodiment of a method for providing life insurance policy includes: providing a fixed account for receiving a portion of premiums allocated to the fixed account and providing a separate account for receiving a portion of premiums allocated to the separate account. The separate account allows a policy owner to manage investments in a plurality of investment options. If the policy meets a safety test, the method guarantees the death benefit without withdrawing more than a specified percentage of specified charges from the separate account to fund the guaranteed death benefit.