The type of life insurance policy where the premium goes towards the policy with no interest element is?

By: |Published on: Oct 17|Categories: Insurance WAEC| 0 comments

A. endowment policy
B. whole life insurance
C. annuity policy
D. term insurance

Correct Answer: Option A

A. endowment policy

Explanation

Endowment life insurance policies do not have investment risk or interest rate risk. an endowment policy does not earn any interest throughout the term

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