-
A.
a lump sum is paid on maturity
-
B.
regular payments are made after maturity
-
C.
regular payments are made before maturity
-
D.
no payments is made until the death of the insured.
Correct Answer: Option A
Explanation
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.
Report an Error
Ask A Question
Download App
Quick Questions
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}