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IIA

IIA-CFSA · Question #217

____________insurance provides a specified benefit amount in either of the following cases: If the insured survives to the maturity date of the policy is reached. If the insured dies before the…

The correct answer is C. Endowment insurance. See the full explanation below for the reasoning.

Question

____________insurance provides a specified benefit amount in either of the following cases:

If the insured survives to the maturity date of the policy is reached. If the insured dies before the maturity date of the policy is reached.

Options

  • AGeneral life insurance
  • BWhole life insurance
  • CEndowment insurance
  • DTerm life insurance

How the community answered

(18 responses)
  • A
    6% (1)
  • C
    83% (15)
  • D
    11% (2)

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