Question

What is the primary purpose of Pure Term Assurance?

a.

To provide coverage for critical illnesses

b.

To return premiums paid upon the insured's death

c.

To offer increasing death benefits over time

d.

To provide benefit payment on death only during a specified policy term

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).To provide benefit payment on death only during a specified policy term Explanation:Pure Term Assurance is designed to provide benefit payment on death only during a specified policy term, without any additional features such as returning premiums or coverage for critical illnesses.

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Q. What is the primary purpose of Pure Term Assurance?
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