Which of the following statements about endowment insurance policies is (are)true?
I.The face amount is paid if the insured dies during the policy period or at the end of the policy period if the insured is still alive.
II.The use of endowment insurance has increased in recent years because of its favorable tax treatment.

Question

Quizplus · Accepted Answer

Statement I is true for endowment insurance policies as it pays the face amount if the insured dies during the policy period or at the end of the policy period if the insured is still alive.
Statement II is false as endowment insurance policies' use has not increased in recent years due to their favorable tax treatment.

Which of the Following Statements About Endowment Insurance Policies Is