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Exam IIA-CFSA topic 5 question 36 discussion

Actual exam question from IIA's IIA-CFSA
Question #: 36
Topic #: 5
[All IIA-CFSA Questions]

Which of the following statements about endowments is correct?

  • A. Endowment insurance pays a benefit amount only if the insured dies during the specified term of coverage
  • B. Premiums vary throughout the term of an endowment policy
  • C. An endowment can be purchased with a signal Premium or with a series of Premium over a limited period of time
  • D. Unlike permanent life insurance policies, endowment policies do not steadily build cash values
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Suggested Answer: C 🗳️

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