Question

What is one common use of Endowment insurances?

a.

Providing benefits only upon death

b.

Transferring wealth from parents to children

c.

Accumulating wealth for a single premium

d.

Paying off mortgages during the accumulation phase

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Transferring wealth from parents to children Explanation:Endowment insurances are often used as a means of transferring wealth from parents to children.

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Q. What is one common use of Endowment insurances?
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