Question

What is the primary characteristic of Pure Endowment?

a.

It provides benefit payment on death only

b.

It offers increasing death benefits over time

c.

Benefit payment is made on survival only on the date of maturity

d.

It includes survival benefits on stipulated dates

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).Benefit payment is made on survival only on the date of maturity Explanation:Pure Endowment primarily provides benefit payment on survival only on the date of maturity, with no death benefit.

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Q. What is the primary characteristic of Pure Endowment?
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