Author Question: Which of the following statements about endowment insurance policies is (are) true? I. The face ... (Read 40 times)

nevelica · **on:** Jul 11, 2018

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

Question 2

Which of the following statements about limited-payment life insurance is true?

A) It is a form of term insurance.
B) It matures at the end of the premium-payment period.
C) The premium decreases each year during the premium-payment period.
D) Its use may be appropriate if a person wants paid-up life insurance during retirement.