IIA-CFSA practice question 24 of 35

Which of the following statements about endowments is correct?

Full set: 511 questions
Answer options
A: Endowment insurance pays a benefit amount only if the insured dies during the specified term of coverage
B: Premiums vary throughout the term of an endowment policy
C: An endowment can be purchased with a signal Premium or with a series of Premium over a limited period of time Correct answer
D: Unlike permanent life insurance policies, endowment policies do not steadily build cash values
Correct Answer:
C. An endowment can be purchased with a signal Premium or with a series of Premium over a limited period of time
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