Question

Which type of assurance provides benefit payment on death during the specified policy term and on survival at the date of maturity?

a.

Whole Life Assurance

b.

Endowment Assurance

c.

Anticipated Whole Life Assurance

d.

Increasing Term Assurance

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Endowment Assurance Explanation:Endowment Assurance provides benefit payment on death, if any, during the specified policy term, and on survival - on the date of maturity.

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Q. Which type of assurance provides benefit payment on death during the specified policy term and on survival at the date of maturity?
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