Question

What is Deferred Whole Life Assurance?

a.

A contract where death benefit is payable immediately upon the insured's death

b.

A contract where death benefit is payable after a specified number of years in the contract

c.

A contract where premiums are paid only during the insured's lifetime

d.

A contract where the policyholder can choose to defer premium payments

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).A contract where death benefit is payable after a specified number of years in the contract Explanation:Deferred whole life assurance is a contract where the death benefit (sum assured) is payable if death occurs after some specified years in the contract.

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Q. What is Deferred Whole Life Assurance?
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