exercise:3a60c6cb25

Jan 15'24

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.

Jan 15'24

Answer: C

Key is that the benefit is linked to the performance of an investment fund. That is true only for C.