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(Created page with "A company offers a modern insurance contract that has the following features: <ul style="list-style-type:lower-roman"> <li> A benefit linked to the performance of an investment fund</li> <li>A guaranteed minimum return on the premiums paid</li> <li>A guaranteed minimum death benefit payable if the insured dies before the contract matures</li> <li>A contract term of 7 years</li> </ul> Determine the type of contract offered. <ul class="mw-excansopts"><li> Term life...") |
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<ul class="mw-excansopts"><li> Term life insurance</li><li> Universal life insurance</li><li> Variable annuity</li><li> Endowment insurance</li><li> Reversionary annuity</li></ul> | <ul class="mw-excansopts"><li> Term life insurance</li><li> Universal life insurance</li><li> Variable annuity</li><li> Endowment insurance</li><li> Reversionary annuity</li></ul> | ||
{{soacopyright | 2024 }} | |||
Latest revision as of 00:19, 18 January 2024
A company offers a modern insurance contract that has the following features:
- A benefit linked to the performance of an investment fund
- A guaranteed minimum return on the premiums paid
- A guaranteed minimum death benefit payable if the insured dies before the contract matures
- A contract term of 7 years
Determine the type of contract offered.
- Term life insurance
- Universal life insurance
- Variable annuity
- Endowment insurance
- Reversionary annuity
Copyright 2024 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.