Question 92
InsuranceAn insurance policy which benefits one's family only in the event of one's death is known as
- A.a comprehensive insurance
- B.a whole-life insurance
- C.an endowment policy
- D.an annuity
- E.a third party insurance
Show the answer and explanation
Answer: B (a whole-life insurance)
Explanation
Whole-life assurance pays out only when the assured dies.