Which of the Following Statements About Endowments Is Correct

question 24

Multiple Choice

Which of the following statements about endowments is correct?

• 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
• D) Unlike permanent life insurance policies, endowment policies do not steadily build cash values

---

Definitions:

Cultural Factors

Elements of culture that influence an individual's habits, behaviors, beliefs, and values.

Mental Disorder

A mental disorder is a condition characterized by significant disruption in an individual's cognition, emotion regulation, or behavior, often due to biological, psychological, or developmental factors.

Symptoms

Signs or indications of a condition or disease experienced by an individual.

Rates

Measures or quantities determined in relation to another quantity, often used for comparisons or statistical purposes.