Are you having trouble answering the question “The insured purchases a policy in the face amount of $10,000. The agent tells the insured that the insured will have to pay the premium for 20 years and will then receive the entire $10,000. Which plan has the insured purchased?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
The insured purchases a policy in the face amount of $10,000. The agent tells the insured that the insured will have to pay the premium for 20 years and will then receive the entire $10,000. Which plan has the insured purchased?
A) 20-year endowment.
B) 20-pay variable annuity.
C) 20-pay whole life plan.
D) 20-pay life plan.
Answer: A) 20-year endowment.
You should now have gotten the answer to your question “The insured purchases a policy in the face amount of $10,000. The agent tells the insured that the insured will have to pay the premium for 20 years and will then receive the entire $10,000. Which plan has the insured purchased?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
