Question

Which type of insurance contract allows the policyholder to pay premiums until a certain age, after which the cover continues until death without further premium payments?

a.

Term assurance with return of premium

b.

Whole life assurance

c.

Deferred annuity with life cover

d.

Increasing annuity

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Whole life assurance Explanation:Whole life assurance contracts allow policyholders to pay premiums until a certain age, after which the coverage continues until death without further premium payments.

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Q. Which type of insurance contract allows the policyholder to pay premiums until a certain age, after which the cover continues until death without further premium payments?
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