Question

What type of insurance provides a death benefit equal to twice the survival benefit during the contract period?

a.

Pure endowment insurance

b.

Double endowment insurance

c.

Money back insurance

d.

Double cover endowment insurance

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).Double cover endowment insurance Explanation:Double cover endowment insurance provides a death benefit equal to twice the survival benefit during the contract period.

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Q. What type of insurance provides a death benefit equal to twice the survival benefit during the contract period?
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