Get premium membership and access questions with answers, video lessons as well as revision papers.

What benefits could be enjoyed by a person who decided to take out an endowment policy?

      

List benefits that could be enjoyed by a person who decided to take out an endowment policy.

  

Answers


Maurice
(i) It ensures financial stability of assured and dependants.

(ii) Premiums are paid only during an agreed period.

(iii) Assured benefits unless death precedes the expiry of the agreed period.

(iv) If the assured dies, the beneficiaries will be paid.
maurice.mutuku answered the question on August 12, 2017 at 06:56


Next: In what ways does Kenya benefit from its natural resources endowment?
Previous: What features differentiate a co-operative society from a partnership form of business?

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions