A factor to be considered before a proposal for endowment assurance is accepted is the proposer’s?
-
A.
marital status -
B.
place of birth -
C.
date of birth -
D.
social status
Correct Answer: Option C
Explanation
an endowment assurance policy is a life insurance contract that is designed to pay a lump sum after some specified period of time on death. However, if the policy term ends whilst you are in good health, the entire sum is given to you. The date of birth is a vital factor for this insurance contract