A life policy that pays the sum assured if the policy holder dies anytime within the policy period is
-
A.
term assurance -
B.
pure endowment -
C.
whole life insurance -
D.
personal accident insurance
Correct Answer: Option A
Explanation
A term assurance policy will be set up to last for a certain period of time (usually a specific number of years or until you reach a certain age): this is known as the term of the policy. A payment will only be made in the event of your death during that period.