Endowment policy in insurance business is an aspect of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option D
Explanation:
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.Â
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.Â