Which of the Following Statements About Endowment Insurance Policies Is

question 33

Multiple Choice

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

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