Which of the following statements about endowment insurance policies is (are) true?
I. The face amount is paid if the insured dies during the policy period or at the end of the policy period if the insured is still alive.
II. The use of endowment insurance has increased in recent years because of its favorable tax treatment.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Which of the following communication channels should ideally be used whenyou need to reach a large audience with an important message?
A. Voice mail B. Telephone conversation C. Direct marketing D. In-person presentation
The Nadler Tushman model is ______.
A. comprehensive and sophisticated B. mostly descriptive C. suggestion of certain cause effect linkages D. all of these
C2B: consumer to business
What will be an ideal response?
The _____ represents the initial amount that’s not covered by the policy and thus must be paid by the insured.
A. deductible B. co-insurance C. copayment D. premium E. internal limit