A policy that pays whether the policyholder lives or dies is called

A. premium . C. .

B. straight . D. 20-year endowment.

 
  • postal p 1:03 am on February 9, 2010

    Definitely not Term insurance. Whole life or universal life, pays when you die, they also pay some dividends. Plus they have a cash in value too. They have so many terms for the same products you need a scorecard. A and D may be the two I am talking about. They really got bad press and bad names 10-20 years ago. I guess they just changed the names to confuse the public. Good Luck!

  • Finance1o1.blogspot.com ® 1:03 am on February 9, 2010

    It would be "D" 20-year endowment because the policy will pay the face amount of the policy during the 20 years or when the policy matures.