Question 5033 of 303 · California Life-Only Agent Exam
An endowment policy
Exactly one answer is correct.
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Correct answer to question 5033
- C: pays the face amount at death or on a specified maturity date
Explanation
Endowments combine protection and savings and have high premiums. The benefit is paid at maturity if the insured is alive.
More questions: Types of Life Policies
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