Question

What distinguishes Double Endowment from Endowment Assurance?

a.

It offers double the amount of death benefit compared to Endowment Assurance

b.

It provides double the premium payment options

c.

It includes survival benefits on the date of maturity

d.

The death benefit is payable only on survival, not on death

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).It offers double the amount of death benefit compared to Endowment Assurance Explanation:Double Endowment offers a death benefit of 2X during the specified policy term, compared to Endowment Assurance.

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Q. What distinguishes Double Endowment from Endowment Assurance?
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