Question

What is the primary benefit of Whole Life Assurance?

a.

It provides survival benefits on stipulated dates

b.

It offers increasing death benefits over time

c.

The death benefit is payable only on the date of maturity

d.

Benefit payment is made on death only

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).Benefit payment is made on death only Explanation:Whole Life Assurance primarily provides benefit payment on death only, with no survival benefits or maturity date.

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Q. What is the primary benefit of Whole Life Assurance?
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