In an endowment policy, benefits are paid at death or

In an endowment policy, benefits are paid at death or

A a lump sum is paid on maturity
B regular payments are made after maturity
C regular payments are made before maturity
D no payments is made until the death of the insured.

waec 2017 insurance

The correct answer is A. a lump sum is paid on maturity

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.

Previous question Next question