[amp_mcq option1=”In endowment assurance survival up to the end of the term as well as in between death will give the claimant the benefits of the policy” option2=”An endowment policy only survival benefit is available” option3=”In endowment cover only death benefit is there” option4=”Endowment plan and Term insurance are similar in benefits” correct=”option1″]<\/p>\n
The correct answer is: A. In endowment assurance survival up to the end of the term as well as in between death will give the claimant the benefits of the policy.<\/p>\n
An endowment assurance policy is a type of life insurance policy that provides both death benefit and savings benefit. The death benefit is paid out to the beneficiary if the policyholder dies during the policy term. The savings benefit is paid out to the policyholder if they survive the policy term.<\/p>\n
In endowment assurance, the policyholder can choose to receive the savings benefit in a lump sum or as a series of payments. The policyholder can also choose to use the savings benefit to purchase an annuity, which is a stream of income that is paid out for the rest of the policyholder’s life.<\/p>\n
Endowment assurance policies are often used as a way to save for retirement or for a child’s education. They can also be used to provide a financial cushion for the policyholder’s family in the event of their death.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
[amp_mcq option1=”In endowment assurance survival up to the end of the term as well as in between death will give the claimant the benefits of the policy” option2=”An endowment policy only survival benefit is available” option3=”In endowment cover only death benefit is there” option4=”Endowment plan and Term insurance are similar in benefits” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-32349","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"\n