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Under what form of life insurance policy is premium paid over an agreed number o...


Question

Under what form of life insurance policy is premium paid over an agreed number of years and the sum assured is paid either at the end of that specified time or when the policy holder dies, whichever comes first?

Options

A) annuity

B) deterred annuity

C) endowment

D) term

E) whole life

The correct answer is C.


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