question 42 of 60 a policy matures and pays the face amount if the insured lives to a specified date. this…

question 42 of 60 a policy matures and pays the face amount if the insured lives to a specified date. this best describes a. an annuity. b. term insurance. c. an endowment policy. d. social security.

question 42 of 60 a policy matures and pays the face amount if the insured lives to a specified date. this best describes a. an annuity. b. term insurance. c. an endowment policy. d. social security.

Answer

Brief Explanations:

An endowment policy matures and pays the face - amount if the insured lives to a specified date. Annuities are regular payments, term insurance pays only if the insured dies within a term, and social security is a government - run program.

Answer:

C. An endowment policy