(a) What is endowment policy?

(b) Differentiate between the following terms:

(i) Third party and comprehensive motor insurance; (ii) • Death benefit and maturity benefit; (iii) Contracts of life and non-life insurance. 

(a) Differentiate between whole life and endowment assurance.

(b) State five uses of life assurance.

(c) List and explain two benefits covered under life assurance.