Which of the following statements about endowments is correct?

Question

Options

• AEndowment insurance pays a benefit amount only if the insured dies during the specified term of
• BPremiums vary throughout the term of an endowment policy
• CAn endowment can be purchased with a signal Premium or with a series of Premium over a
• DUnlike permanent life insurance policies, endowment policies do not steadily build cash values

• A
  11% (4)
• B
  3% (1)
• C
  80% (28)
• D
  6% (2)

No community discussion yet for this question.