Question

What is the recommended insurance product for retired employees?

a.

Endowment Assurances

b.

Term Insurance Contracts

c.

Immediate Annuity Contracts

d.

Deferred Assurances

Answer: (c).Immediate Annuity Contracts Explanation:Retired employees are recommended to opt for Immediate Annuity Contracts to provide old age income and to meet funeral expenses.

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Q. What is the recommended insurance product for retired employees?

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