Q747
Endowment assurance does not possess which of the following property?
A.
Savings benefit
B.
Death benefit
C.
Survival Benefit
AnswerD.
Bonus benefit
Answer: Option C
Solution
Answer: Option C
Solution:
Endowment assurance does not possess Survival Benefit. An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.