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

      

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

  

Answers


Davis
– savings: endowment policy is a way of saving, after which one
will get compensation either on the expiry or his death.
- Security: the endowment policy is a way of saving, after which one
will get compensation
either on the expiry or his death.
- Security: the endowment policy can be used as a security for
finance.
- In case the contract expires before the insured dies, he enjoys his
compensation
- Other benefits: he can get loan for medical or education purposes
Githiari answered the question on September 20, 2017 at 09:49


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