Multiple choice

Under the ________ policy, the insurer undertakes to pay the assured a specified sum on the attainment of a particular age or on his death, whichever is earlier.

  1. whole life

  2. endowment life assurance

  3. joint life

  4. annuity

  5. children's endowment

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

This is correct. Under the endowment life assurance policy the insurer undertakes to pay the assured a specified sum on the attainment of a particular age or on his death, whichever is earlier.