Question

What is a characteristic of Pure endowments?

a.

They provide a death benefit only

b.

They provide a sum assured at the end of the fixed term if the policyholder is alive

c.

They offer survival benefits at fixed dates during the contract period

d.

They are commonly issued on a participative basis

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).They provide a sum assured at the end of the fixed term if the policyholder is alive Explanation:Pure endowments provide a sum assured at the end of the fixed term if the policyholder is alive.

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Q. What is a characteristic of Pure endowments?
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