Question

What is the key feature of Double endowment insurance?

a.

It provides only death benefits

b.

It provides a survival benefit equal to twice the death benefit at maturity

c.

It offers increasing death benefits over time

d.

It offers decreasing death benefits over time

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).It provides a survival benefit equal to twice the death benefit at maturity Explanation:Double endowment insurance provides a survival benefit equal to twice the death benefit at maturity.

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Q. What is the key feature of Double endowment insurance?
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