In an endowment policy, benefits are paid at death or - SchoolNGR

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In an endowment policy, benefits are paid at death or

In an endowment policy, benefits are paid at death or

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A A lump sum is paid on maturity
B Regular payments are made after maturity
C Regular payments are made before maturity
D No payments is made until the death of the insured.

Correct Answer: Option A

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.

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