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
Correct Answer:
Verified
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