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A life policy where the insured cannot make claim himself because the payment cannot be...

Insurance
WAEC 2016

A life policy where the insured cannot make claim himself because the payment cannot be made in his life time is

  • A. whole life policy
  • B. annuity policy
  • C. key-man policy
  • D. endowment policy
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Correct Answer: Option A
Explanation

whole life policy is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. it can only be cashed after the death of the insured.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts