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A type of policy where the assured or his dependents will not get anything if...

Commerce
WAEC 2009

A type of policy where the assured or his dependents will not get anything if he dies within the period of the policy is known as

  • A. group policy
  • B. whole life policy
  • C. endowment policy
  • D. term policy
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Correct Answer: Option D
Explanation

Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. In this type of insurance policy, the insurance company is not obligated to compensate the policy holder if they do not die within the time frame covered in the agreement


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