In an endowment policy, benefits are paid at death or?

A. a lump sum is paid on maturity
B. regular payments are made after maturity
C. regular payments are made before maturity
D. no payments are made until the death of the insured.

Correct Answer: Option A

Explanation

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its ‘maturity’) or on death.